@steinbla wrote:
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.
That is NOT how they issued the 1099-R. Box 2a should have been zero and you after tax contributions in box 5. You need a corrected 1099-R.
That told you that the money had already been taxed but they issued a 1099-R that said the entire amount was taxable - box 2a IS the taxable amount.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
