168gr
New Member

Get your taxes done using TurboTax

I am having the same problem. This is definitely a TurboTax bug.

 

Every year I roll my SEP-IRA over into TSP to zero out IRA accounts prior to doing Roth conversions of nondeductible tIRA contributions.

 

 

This time, TurboTax thinks G in block 7 means the distribution was a Roth conversion. This is incorrect and contrary to the instructions on the 1099-R itself: "G-Direct rollover of a distribution to a qualified plan, a section 403(b) plan, a governmental section 457(b) plan, or an IRA."

 

Last year TurboTax did it correctly. I just checked and my 1099-R is exactly the same as it was last year (except for the $ amount).

 

 

It does seem to be doing the actual math correctly, though. Finishing that section did not increase my tax liability (as an actual Roth conversion would have).