How to tell Turbo a rollover from 401a and Roth to simple IRA is non-taxable--in FREE version--no form revisions possible? Thank you!

Forum|Forum|6 years ago
October 13, 2019
2 replies
26 views

Other users were told in this forum simply to answer No to rollover questions on 1099R page. Doesn't work for me: Total shows as taxable in my version whether I choose Yes or No.

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macuser_22

Alumni - Champ

Explain what you mean by "from a 401a *and Roth* to simple IRA"? What does "and Roth" mean?

Are you saying that the 401(a) was a designated Roth (401(a) Roth) account? A Roth cannot be rolled to a SIMPLE IRA.

A Traditional 401(a) to SIMPLE IRA is not taxable. What code is in box 7 on your 1099-R for the 401 distribution? What is in box 2a? Is box 2b checked?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

dmertz

Level 15

Only a 401(k), 403(b) or 457(b) account can have a designated Roth account. A 401(a) plan that does not have a 401(k) element cannot have a designated Roth account. As macuser_22 indicated, it is impermissible to roll any kind of Roth account over to any kind of traditional retirement account.