No, You should be taxed on the portion rolled into the ROTH.
It sounds like your familiar with the posting process, so I'm going to jump ahead.
On the 1099-R from 401k company showing ONLY gross distribution amount and distribution code (G).
- Select the pencil to edit the 1099-R
- Continue to the interview
- Do you have info in Box 2a or Box 2b? - No
- Do any of these situations apply to you? - None of these apply
- Did you move the money to a Roth IRA? No
- Double check Box 7 and the IRA box on your 1099-R - This is correct
- Did you make after-tax contributions to a 401(k) or 403(b) plan? - No
- This will show as not taxable
For the 1099-R from IRA company showing gross distribution and taxable amount.
This will show as taxable as you've already posted it.
@Peter461 Line 5 corrected to No
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