Retired last year. Did a 401K (Empower) to IRA (Fidelity) rollover. Received 1099-R with the following box entries:1 Gross Distribution $X, 2a Taxable Amount $0.00, 2b Total Distribution Checked, 7 Distribution Code G, and 15 State/Payer's state no. MD/00869377.
TurboTax Premier begins discussion at Your 1099-R Entries/Add Another 1099-R button. I'll type it in (Empower is not on the list to download)/Continue
Select Form 1099-R/Continue/Enter information as described on 1099-R and if the box is blank then the entry is blank in TurboTax/Continue/IRA SEP Simple box 7 and 8 checked/No, box is blank/Continue
Verify Box 2a and 2b/Box 2a Taxable Amount $0.00 Box 2b is blank/Continue
Rollover 401(k) to Roth 401(k)/ No/Continue/Was Money Rolled Over to Roth IRA/No/Continue
Employed as Public Safety Officer/No/Continue
Where Distribution From/No and shows box 15 info/Continue/Withdrawl Due to Disaster/No/Continue
Your 1099-R Entries/Gross Dist Box1 total included as Total Withdrawl/Continue
Did you take prior disaster distribution/No/Continue
Any Nondeductible Contribution to IRA/No/Continue
Select Done with Income/Recheck Box 1 and 2a are correct/Do you want to change/No/Continue
Again asks if disaster distribution 2018-21/No/Continue
Shows Picture of Income/Amount of Rollover shows up in Pensions - NonTaxable
Now my taxable income is a ridiculous number. Interesting that the Federal Refund amount at the top did not change. Will this ridiculous number be calculated into my AGI? (Consequences for Medicare payment)
