DanaB27
Expert Alumni

Retirement tax questions

Yes, if you have moved funds from the traditional 401k to Roth 401k (1099-R with code G) then TurboTax will ask follow-up questions, please answer them carefully.

 

You will answer "yes" to "Did you move this money from a 401(k) to a Roth 401(k)?" Please be aware, this conversion will be taxable.

 

Yes, the code BG won't trigger these questions since TurboTax has all the information needed in regards to this transaction.

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