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1099-R Rollover from 401K to Roth $401K
Hello,
I rollover a 401K from a previous company company to current employer. I learned that I went from a 401K to a Roth 401K. However, Turbo tax gave me a picture of my income after entering all income and one of the line items is pensions - nontaxable, but over the left under the 2021 column it shows total amount of the rollover and it showing as income for 2021. Why is this - see screenshot? Why is a rollover considered income in this case?
‎April 2, 2022
10:55 AM