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Get your taxes done using TurboTax
Thanks for your reply.
When I do what you suggest and answer NO instead of Yes to the question:
Did you move this money from a 401(k) to a Roth 401(k)?"
and answer Yes to the question of having moved the money to a Roth IRA,
Then TurboTax takes the amount in my Code 'G' 1099-R Box 1 and puts that in Form 8606 Line 24. This makes my Roth IRA non-qualified distribution NOT taxable. BUT, that Box 1 amount less Box 5 ends up as a taxable amount on Form 1040 Line 5b. TurboTax acts like the Box 1 amount was converted to a Roth IRA which is NOT the case. My Box 1 amount less the Box 5 amount was rolled over to a traditional IRA.
So this isn't working correctly for me either.
‎February 23, 2025
11:46 AM