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distribution from traditional 401k with one employer, direct rollover of distribution to roth 401K at new employer
Received 1099R from employer #1 for total distribution from traditional 401K (distribution code G). Did direct rollover to Roth 401K at employer #2. IRA/SEP/SIMPLE box not checked. Answered yes rolled from 401K to Roth 401K. Not sure how to answer whether or not I made after tax contributions (have answered both ways but don't see that it changes anything). Problem is that the amount of distribution is not showing up as taxable on my 1040. Only shows up in 5A. 5B is 0. Shouldn't 5B be the same as 5A, so that the amount is taxed since it is going into a Roth 401K. How do I get Turbo Tax to show this? Am I doing something wrong?
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March 29, 2025
7:52 PM