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401K transfer of After Tax funds to 401K Roth
Does TT have a display bug for 1099-R when a portion of 1099-R funds is transferring to an 401K in plan Roth? I have a 1099-R in which a portion of the 401K money was a direct rollover to an IRA and the after tax portion (block 5 in 1099R) was transferred to an INPLAN roth account in my 401K. Code in 1099R block 7 is G. I answer "YES" to TT question is this 1099R reporting a rollover of funds from a 401K to a Roth 401K and it appears TT correctly calculates the tax liability based on the basis. However when I go back and recheck this form, the "NO" block is checked in this question above even though I previously answered "YES". Bug? Did I answer correctly?
March 8, 2020
10:01 AM