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401K partial rollover to ROTH with 1099-R indicating $0 in block 2A (Taxable Amount)
I'm not sure how to enter this into Turbotax. The 1099-R from my source 401K correctly indicates $50K in block 1, has 0$ in Block 2a, but NO check in box 2b. It also shows no State distribution amount. There was no tax withholding by the 401K source (I made separate Federal & State estimated tax payments for that quarter). It has the correct distribution code "G" in block 7 for the rollover. I did not see a place later in Turbotax to create the new (taxable) Roth or indicate estimated taxes paid on the amounts.
I can enter the estimated tax payments, but Turbotax doesn't appear to take the 50K as a taxable income (wants to give me the tax prepayment as part of a large federal refund).
What am I missing?
a month ago