If your Form 1099-R has a Code G in Box 7 than it is indicating a direct (trustee to trustee) rollover and you would not pay tax on it. You should enter the Form 1099-r as shown.
The gross distribution will be included on Form 1040 line 5a, but nothing will be added to line 5b, which is the taxable amount of such distribution.
However, If what you are saying above is correct, that you rolled your 401K money out and rolled it all to a Roth IRA account in the beginning of 2022, then you should contact your financial institution for clarification. This would be a taxable situation, requiring that you make entries into TurboTax as if it were a separate rollover transaction.
If you want to review your Form 1040 to check the entries before filing , follow the steps below:
- Sign into your TurboTax account
- Click Take me to my return
- Click My Account and choose Tools
- You will then see Other Helpful Links and can select the option View Tax Summary
- Choose Preview my 1040 and you can click Back to leave the preview screen.
If you would prefer to see all forms, schedules, and worksheets in your tax return, follow the steps below:
- Click My Account and then choose Print Center
- Click Print, save, or preview this years return. You will then be prompted to register or pay if you haven’t done so to view your full return.
Click here for where to enter your Form 1099-R.
Click here for a list of Box 7 codes for Form 1099-R.
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