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Get your taxes done using TurboTax
All you need to do is enter your Form 1099-R and answer the follow-up questions:
- Click "Federal Taxes" on the top and select "Wages & Income"
- Click "I'll choose what to work on"
- Scroll down and click "Start" next to "IRA, 401(k), Pension Plan (1099-R)"
- Enter your Form 1099-R (with code G)
- On the "Did you move this money from a 401(k) to a Roth 401(k)?" screen answer "Yes"
- On the "Rollover 401(k) to Roth 401(k)" screen answer "Yes" (this should have the amount from box 5 already entered)
You can check Form 1040 line 5a has the distribution amount and 5b has the taxable amount (it should be $0 since you only converted after-tax funds).
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‎April 2, 2023
5:59 AM
8,645 Views