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457 Roth
I completed a direct rollover from a designated roth 457 account to an individual Roth IRA in 2023. This should result in a non-taxable distribution. On the 1099-R that I received: Box 2a, Taxable Amount, was blank; Box 2b Taxable Amount not Determined was checked; and Box 7, the code H is entered, which I believe means "Direct Rollover of a designated Roth account to a Roth IRA."
This distribution should have a zero taxable amount, but Turbo Tax is determining that the entire distribution is taxable. Is there a fix, or do I just have to override the Turbo Tax calculations directly on the 1040?
‎February 15, 2024
12:58 PM