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401K transferred to a Rollover IRA not listed as option in 1099-R questions
I am having an issue where Turbotax is calculating that I owe a TON of taxes for a Pretax 401K total distribution to a direct rollover Fidelity Rollover IRA. In going through the 1099-R entry, I have two choices, a Roth 401K/403B or a ROTH IRA but what confuses me is all the choices are ROTH and not a Rollover option. If I select the Roth 401K it eliminate the taxes, but I don't understand this well enough to know if that is the right choice, and confused why TurboTax doesn't have a "Rollover IRA".
I should add that Box 7 has a G
‎January 23, 2024
11:04 AM