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Late last year I decided to take a 401k from a previous job and roll it over into a new IRA with a discount broker.

The bank that managed the 401k had me fill out a rollover form listing the new broker who had my IRA, the new account number, etc...

The 401k had both pretax contributions, after tax contributions, and company match contributions. I got four checks for the roll-over. Three of the checks were made out to me AND the new IRA broker. I signed all these and deposited them in my new IRA. The fourth check was made out only to me. I assumed this check was the after tax portion of my contributions.

I have now received four 1099R forms for my taxes. The amount on each form matches one of the checks. One of the boxes on the form shows a reason code for the distribution. Two of the forms are marked 'G' for rollover, and two are marked '1' which appears to cover a lot of reasons including a rollover.

Question 1: Was I correct that the one check was the after tax portion and I don't need to deposit this into my IRA, nor will I need to pay any taxes on this amount.

Question 2: Why don't the 1099R forms seem to match the checks. Instead of 3 and 1, and I have 2 and 2? What do these different codes really mean?


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