Personal Finance (Not Investing) • IRA partial distribution direct convert to Roth IRA mistake?

I'm very worried I made a mistake by doing an IRA partial distribution as a direct transfer/conversion to Roth IRA.

And if not, then what is the correct distribution code for 1099-R Box 7 please?

I made a Fidelity IRA partial distribution as a direct transfer/conversion to a Roth IRA at Fidelity last year.

I used the Fidelity online IRA to Roth IRA transfer/Roth-conversion online process and saved screenshots.

I am over 59 1/2 years old.

I expected the IRA distribution to be all taxable and I paid the tax using Estimated Tax payment.

The resulting Fidelity 1099-R Box 7 said: Code 7 (normal distribution) for the partial distribution.

- Please help me understand if the IRA partial distribution as a direct transfer/conversion to Roth IRA was allowed by IRS or was it a mistake for some reason.

- Also please help me understand what is the correct code that should be in 1099-R box 7.


Thank you. All insights would be greatly appreciated.

Statistics: Posted by MrRE — Thu Sep 19, 2024 2:58 pm — Replies 7 — Views 218

---