in 2024 I did a conversion from a 401k to a Roth IRA of $50,000,
and then rolled over the remaining $200,000 of the 401k to a regular IRA.
I received a 1099-R with 250,000 in box 1, $50,000 in box 2a. Total distribution is checked.
Box 7 distribution code is G.
In the form 1040 generated by TT, line 5a Pensions and annuities is $250,000 and
line 5b Taxable amount is $300,000!
Shouldn't TT be putting $50,000 in line 5b? Since the rest of the 401k was rolled into an IRA, it shouldn't be counted as taxable income.
