turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

457 Rollover 1099-R

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. 

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
dmertz
Level 15

457 Rollover 1099-R

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.

View solution in original post

1 Reply
dmertz
Level 15

457 Rollover 1099-R

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.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies