DanaB27
Expert Alumni

Retirement tax questions

Yes, the amount converted from a 401k to a Roth IRA will be taxable. You should see the taxable amount on line 5b.

If it was a 104k and a direct transfer then the code in box 7 would be G. You will have to answer the follow-up questions carefully.

 

What is your code in box 7? 

 

 

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