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401k Roll Over to IRA with some Distribution
I am 58 and retired in 2020. I have a 1099-R from Fidelity which managed my 401k. I rolled over about 90% of my 401k to an IRA and this amount is shown in Box 1 of the 1099-R. I also rolled over 7k from the remaining 401k to a Roth IRA which shows in box 2a. But when I enter this 1099-R in Turbo Tax, the 7k is not being taxed. On the 1099-R there are zero taxes being withheld and the Distribution code is G. This 7000 should be taxed since it was taken from the 401k and put into a Roth
‎January 26, 2022
10:18 AM