ptl374687
Returning Member

Retirement tax questions

It is what I am talking about.  Example: box 1: 100000.00 box 2a: 25000.  I rollover my trad 401K 75K to traditional IRA and 25K to roth IRA.  Therefore, my taxable should be only 25K.

Turbo tax only option to ask that is roth rollover. 

   1.  selected that not roth   --- turbo tax show that I must pay tax on 100,000.00... which is about say 20,000.00

                                                       and it is wrong

   2. selected that is roth --- turbo tax show tax amount is 0 which is wrong. 

                      it should add tax base on 25K from box 2a which is about 5000.00

Hope turbo tax understand this is a mix traditional and roth amount in box 1.

If I try other tax software can handle this case, I will ask refund on turbo tax for failing to do right.