early 2024, I converted two 401K accounts to large Traditional IRA and a smaller Roth IRA.
I then in Dec 2024 withdrew $20K from traditional IRA and transferred to the Roth IRA
I received the 1099R form for the $20K
entered into Turbotax Premier
1. gross Dist =$20K
2A taxable amount = $20K
2b taxable amount not determined = X
7. Distribution Code = 7
IRA/SEP.... = X
my question is - I thought this withdrawel would have been taxable - but its not showing any difference to my Turbotax refund
help?
