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Get your taxes done using TurboTax
You just enter both 1099Rs. After you enter it then it will ask what you did with it. The direct transfer from the 401K should be code G in box 7. That's all that one needs. Code G is Direct rollover. It will show up on the 1040 line 5a and line 5b will be zero and say Rollover by it.
Then the Traditional IRA to ROTH will be on 1040 line 4. It will all be taxable on line 4b. Just answer the questions. It will ask what you did with it. Oh be sure the little IRA box between boxes 7&8 is checked. Seems wrong they didn't take taxes out of it.
‎February 15, 2024
11:52 AM