Definitely on board with what you are/were trying to do for planning purposes.The cost basis was 20%.
We were going to use the nua cost basis this year to reach the limit of the 12% tax bracket and didn't a Roth conversion because of it.
I don't know now how Voya is still reporting this as an nua as they know the rollover and nua occurred in different years.
As I stated before, I don't know if Voya can legally issue a 2025 1099-r which includes the nua that was processed past their year end cut-off date even though it was before Dec 31st. Have to think about threatening them with legal action to get it done.
If we want to rollover the shares to the IRA how will that work when it doesn't look like we have taken a distribution according to the 2025 1099-r Voya is going to provide.
Do I ask Voya for a 2025 1099-r that shows a distribution of the nua value because it should not be characterized as an nua.
Would reaching out to the IRS be of any help?
I would like to thank you both, Alan and Philip. This is driving my wife and I crazy. We have gotten zero help in guidance from Voya. They will not let us speak directly with their tax department.
A plan's "cut-off date" sounds more to me like an internal administrative policy rather than a convention that would be relevant for taxes. The question remains: did they clear out the 401(k) by 12/31 - which it sounds like they did per your initial post. If so, I don't see why the 1099-R would be for 2026.
As for the rollover idea, from my perspective, there would not be any need to get a "non NUA" 1099-R, as the LSD/NUA coding is more about creating the option to move to brokerage with no taxable event rather than some kind of obligation.
Statistics: Posted by philipfried1991 — Fri Jan 09, 2026 9:15 am — Replies 14 — Views 1780