dmertz
Level 15

Retirement tax questions

Since the rollover was to a traditional IRA, you should not indicate that is was rolled over to any kind of Roth account.  Answer No to these questions.

 

Given the questions that TurboTax is presenting, it seems that your Form 1099-R has code G in box 7.  If so, once you indicate that the rollover was not to any kind of Roth account and the taxable amount shown in box 2a of the From 1099-R is zero. TurboTax will automatically treat the distribution as nontaxable.  The gross amount will be included on Form 1040 line 5a but will be entirely excluded from the amount on line 5b with the ROLLOVER notation.