401k rollover to Thrift Savings Plan (TSP)

09rahman · ‎May 31, 2019

How do I enter rollover from 401K plan to Thrift Savings Plan (TSP) information into TurboTax. Please submit screenshot.

SteamTrain · ‎May 31, 2019

It shouldn't be much of a problem, but what questions are asked depend on what code is in box 7 and how you rolled the $$..

1) IF not a "G", then look for Picture 1 in the followup questions.

2) IF a "G" in box 7 , then you answer "No" in the followup questions when it asks if you rolled into a ROTH 401k or ROTH 403b (Picture 2).....and then NO again to rolling into a ROTH IRA (Picture 3). Finish out the rest fo the follwoup questions,and the $$ should then show up on line 16a of the form 1040, and a zero on line 16b, with "Rollover" printed alongside

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

View solution in original post

SteamTrain · ‎May 31, 2019

It shouldn't be much of a problem, but what questions are asked depend on what code is in box 7 and how you rolled the $$..

1) IF not a "G", then look for Picture 1 in the followup questions.

2) IF a "G" in box 7 , then you answer "No" in the followup questions when it asks if you rolled into a ROTH 401k or ROTH 403b (Picture 2).....and then NO again to rolling into a ROTH IRA (Picture 3). Finish out the rest fo the follwoup questions,and the $$ should then show up on line 16a of the form 1040, and a zero on line 16b, with "Rollover" printed alongside

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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401k rollover to Thrift Savings Plan (TSP)