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Deductions & credits
To the best of my knowledge, the representative that I worked with at Prudential to initiate this rollover categorized this so that the amount being rolled over from 401K to Roth IRA was taxed at the time of the rollover.
The 1099-R with box 7 showing the number 1 has an empty box 5.
‎April 3, 2022
5:20 PM