2011 Form 1099-R IRA & QRP Direct Rollover & Rollover Crib Sheet: Solo 401k | Self Directed Solo 401k

Direct-Rollover Traditional/SEP/SIMPLE IRA Reporting IRA Direct-Rollover to a Solo 401k 1099-R Issued but not taxable	Rollover Traditional/SEP/SIMPLE IRA Reporting IRA Rollover to a Solo 401k 1099-R Issued but not taxable if rolled over within 60 days to Solo 401k	Transfer (Trustee-to-Trustee-Transfer) 401k, 403b, PSP, 457b No Tax Reporting Applies No 1099-R Issued
BOX 1 Gross distribution	BOX 1 Gross distribution
Reports gross direct rollover amount	Reports total value of all distributions taken for same reason during 2011. Reports all amounts withheld for federal and state income taxes.
BOX 2a Taxable amount	BOX 2a Taxable amount
Zero (-0-) is entered since distribution is payable directly to employer plan such as a Solo 401k	Same amount listed in Box 1 appears here
BOX 2b Taxable amount not determined/Total Dist	BOX 2b Taxable amount not determined/Total Dist
“Taxable amount not determined” should be checked Check box titled “Total distribution” if distribution totally depletes the IRA ,SEP, SIMPLE	“                                                        "                                                                    “                                                        "
BOX 4 Federal income tax withheld	BOX 4 Federal income tax withheld
No amount should be listed	Amount may be listed if you elected tax withholding on IRA distribution form
BOX 7 Distribution code(s)	BOX 7 Distribution code(s)
Code G –direct rollover of a distribution to a qualified plan such as a Solo 401k | Individual 401k,  should be entered	If under age 59 ½ Code 1-Early distribution If age 59 ½ or over, Code 7-Normal distribution