Personal Finance (Not Investing) • IRS 10% Early Distribution Penalty for T-IRA Rollover to SE 401(K) & Backdoor Roth conversion

I know for a fact that AUR will not pursue code G. Direct from their IRM. 4.19.3.8.10.3 (7)

Is this perhaps why, although a "statement" is required/requested in the instructions, that the IRS doesn't typically come back to dispute the rollover if a statement is not included?

And is it ever possible that the taxpayer would receive the 1099, but the IRS somehow does not? If a 1099 was not received by the IRS, it would explain the situation.

Might it be worth the OP verifying all the documents the IRS has received by reviewing the wage and income transcript? I suspect it would be quite unusual though for the TIAA 1099 to get "lost in the mail" on the way to the IRS.

Statistics: Posted by neurosphere — Tue Jan 07, 2025 4:48 pm — Replies 12 — Views 575

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