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Get your taxes done using TurboTax
Did you mean you are using the 2021 CD Desktop program? No it's not a deduction. Enter it like you got a 1099R distribution under Income. It is not a ROTH IRA contribution. It is a rollover or conversion. If your 401K was pretax it will all be taxable at your regular income bracket and may push you into a higher bracket.
Enter a 1099R under
Federal Taxes Tab or Personal (Home & Business)
Wages & Income at the top
Then scroll way down to Retirement Plans and Social Security,
Then IRA, 401(k), Pension Plans (1099R) - click Start or Revisit
‎October 18, 2022
5:57 PM