togatoga23
Returning Member

Retirement tax questions

Sorry for the confusion. I think I haven't provided enough information. Let me try to clarify the situation. I did 2 direct rollovers from my 401k; most of my account was pre-tax and was directly rolled over into a Traditional IRA. A small portion of the account was from Roth 401k contributions which had gained in value. The amount in box 5 captures those Roth 401k contributions and box 2a captures the un-taxed gains on those Roth 401k contributions. The sum of the amounts in boxes 5 and 2a is the amount that was directly rolled over to a Roth IRA. Therefor, I should owe taxes only on the amount in box 2a.

 

I noticed TT is treating it as a distribution from a pension for some reason. I'm wondering how I can correctly show the 2 rollover transactions in TT.

 

Thanks,

Tom