When you state that you entered the information from her current company, do you mean her W-2 Box 12 Code D or do you mean the 1099-R that she received for the 401(k) distribution?
The rollover of your 401(k) to a Roth IRA, will be taxable on your income tax return.
To enter form 1099-R and designate the rollover into a Roth IRA:
- Type 1099-r in the search box and
click search.
- Click on Jump to 1099-r.
- At the choose your bank or brokerage screen, click on I'll type it in myself.
- Enter your 1099-R form exactly as shown. If
the form has Box 7 with code G, Rollover, TurboTax will automatically enter it as a
Rollover on your income tax form.
- On the Rollover of 401(k) to Roth 401(k) screen, click No, this money didn't roll over to a designated Roth 401(k) or 403(b) account.
- On the Was this Money Rolled Over to a Roth IRA? screen, click Yes. See the screenshot below.
- Continue with the onscreen interview.
- If you form does not have Box 7 with code G,
Rollover, on the What
Did You Do With The Money From This Payer? screen, click on moved the money.... and converted all the this money to a Roth IRA account. See the screenshot below.
- Continue with on onscreen instructions.
