I am retired and have NO earned income. I have my pension and other retirement accounts ( 457, 401K)
While still working I opened a traditional IRA in 2018, For an initial contribution toward 2017 ( 3,000)
a deduction was taken. I had additional money taken out of my payroll until my retirement in Nov.2018
These regular IRA payments were deductable in the years made.
I did an IRA conversion in February 2021 for the entire account of $ 4613. same custodian, trustee to trustee transfer, Reg. IRA to Roth IRA. My 1099 for this conversion from the trustee is listing the distribution as a
code G. "Rollover", If I put this code in turbotax it is showing this amount as NON-taxable, I know this is NOT right. Can I put a different code, such as 1, 2, or 7 ? The gross distribution box shows 4613, but the taxable is blank. Taxable amount undetermined is checked as well as IRA/Sep/Simple box. I was only 58 in 2021, so am I also responsible for the 10% penalty as well? How do i enter this in turbo tax? do I need to put in the code for early distribution (1) even though this is NOT on the tax form ????
