RaifH
Expert Alumni

Get your taxes done using TurboTax

The first rollover from the traditional 401(k) to the Roth 401(k) should be taxable. Is there an amount in Box 2 or is the Taxable amount not determined checked in Box 2b?

 

If it is, then you will be able to enter it correctly in TurboTax. Enter the 1099-R as it appears:

  1. Search for 1099-R and select the Jump to link in the search results.
  2. Continue through the screens to import or enter your 1099-R form.
  3. Confirm if the IRA/SEP/SIMPLE box is checked.
  4. When asked Did you move this money from a 401(k) to a Roth 401(k) select Yes, I moved the money to a Roth and Continue.

The Roth 401(k) rollover to a Roth IRA is not taxable and seems to be reported correctly.