Hi, I am using Turbotax Deluxe 2023.
I did an in-plan conversion from a 457b account to Roth IRA. I received a 1099R in January, where Box 7 has G-Direct Rollover and Rollover contribution selected.
Since this was an in plan conversion, taxes were not withheld. But I understand that I have to pay taxes at this time. My question is how to enter the information correctly in Turbotax.
1) On the menu that reads Rollover of 401(k) to Roth 401(k) do I select, Yes, this money rolled over to a designated Roth 401(k) or 403(b) account OR do I select No, this money didn't roll over to a designated Roth 401(k) or 403(b) account
If I say yes on this screen, I am done. But if I say No, they I get another screen that says, For rollovers to a Roth IRA, we may need to collect some additional info. For rollovers to all other types of retirement accounts (such as a traditional IRA), just answer No.
I believe that on the first of these 2 screens, I should answer Yes. Is this correct?
