Thank you all for your replies. To confirm:
1. If I can rollover the Traditional 401K directly to a Roth IRA, there won't be a form 8606 or any additional tax forms. The only thing that would be on the tax return would be - on 1040SR, next to 5b, it would say "ROLLOVER" (and the amount in the 5b box would have the addition of the rollover amount, say $20,000)?
2. If I wind up rolling over the Traditional 401K to a Traditional IRA, then from the Traditional IRA to the Roth IRA, the tax return would have form 8606, and the box 5b would show "ROLLOVER"?
3. I would receive a form 5498 (for my record only, from the receiving Roth IRA agent) if it is the #1 scenario, and two form 5498, one for the rollover from 401K to Traditional IRA, and for the rollover from the Traditional IRA to Roth IRA?
4. What other forma would I get?
Thank you again.
