I had one In Plan Roth Rollover of 457 in 2020 and received the 1099-R. How do I answer the question “Is this 1099-R reporting a rollover of funds from a 401(k), 403(b) or governmental 457(b) plan to a designated Roth 401(k) or Roth 403(b) plan?” The answers are “Yes, this money rolled over to a designated Roth 401(k) or 403(b) account.” and “No, this money didn’t roll over to a designated Roth 401(k) or 403(b) account.”
Initially I thought the answer would be “No” because I had the In Plan Rollover of 457, not to either Roth 401(k) or 403(b), however, the answer “No” didn’t change the Federal or State tax due. When I chose “Yes”, it changed the Federal or State tax due. Should I answer “Yes”? Thank you.
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Answer “Yes, this money rolled over to a designated Roth 401(k) or 403(b) account.” TurboTax developers mistakenly omitted 457(b) and the federal TSP from the account types listed.
Answer “Yes, this money rolled over to a designated Roth 401(k) or 403(b) account.” TurboTax developers mistakenly omitted 457(b) and the federal TSP from the account types listed.
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