josh-p1
New Member

How do I pay taxes for rolling a 401k to a Roth IRA account?

I rolled over a traditional 401k from my previous employer into a Roth IRA account and was not charged for the taxes on the rollover. On my 1099-R from the 2B(Taxable amount not determined) is not checked and box 2a is at $0. Box 7 has the distribution code G (Direct rollover and direct payment). I know I need to pay income tax on that amount to convert it to a Roth account but I don't know how to see that Turbotax calculates that properly and how to fix the situation. Do I need to fix this situation with the sender or receiver?