457b conversion to Roth IRA, incorrect 1099-R?

[EB90]

In 2021 I separated from an employer and was able to convert a pre-tax 457b to a post-tax Roth IRA.  

The Retirement Plan sent the check directly to Vanguard and knew it was a Roth IRA the money was going to.  

However they coded my 1099-R with Box 1 "Gross Distribution" as ~$28,000, and my 1099-R box 2a "Taxable Amount" as $0.   

I'm I correct in believing they coded the 1099-R wrongly and I need to enter the same ~$28,000 in Turbo Tax in Box 2a of the 1099-R so it is a taxable event?  Is it necessary to have the Retirement Plan servicer re-do my 1099-R correctly stating this is a taxable event?

Thanks for your experience and help.

[JulieS · Accepted solution]

Yes, you are correct that this is a taxable event. 

You can try entering the 1099-R exactly as it was sent to you and then indicate in the follow up questions that the amount went to a Roth IRA. I think it will treat the rollover correctly. 

I don't think you need to ask for a revised form. 

[EB90]

Thanks that worked!

One other question about the 457b pretax to Roth post-tax conversion - I moved from California to Colorado halfway through 2021.

The conversion occurred when I was a Colorado resident, so I can report 100% of the conversion as taking place in my Colorado state income and not in my California income correct?

[AmyC]

Yes, it is reported where received..