Hi, I recently left a job and had my 401k rolled over to my Roth IRA. When I got my 1099R, it has the full amount listed in the Gross Distribution, Total distribution box checked, and code G. and nothing else. I know something is wrong here because I expected to pay taxes on the full amount since it went into my Roth. What else is supposed to be checked / entered on my 1099R?
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The form 1099-R is correct with code G in box 7. You have to indicate in the TurboTax interview that the rollover was to a Roth IRA. The amount will then be taxable.
Enter your form 1099-R by following these steps:
Thank you. I had entered the 1099-R and answered all the questions, yet my Fed Tax due did not increase. I just deleted the form, re-entered it, and it looks like it is working now. Thank you for your help.
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