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When you enter a code-G Form 1099-R, TurboTax asks if you rolled the money over to a Roth 401(k) or Roth 403(b). Answer Yes. TurboTax will include the amount from box 1 of the Form 1099-R on Form 1040 line 5a but will include only the taxable amount from box 2a on line 5b. TurboTax will also put the word ROLLOVER next to the line.
I posted this a while ago. I found the answer in the following thread after puzzled over it for a couple days and spent an hour with an online tax expert.
Here's the thread where I finally figured out this was a bug:
Here's the procedure that is correct.
However, the word "ROLLOVER" may not appear if you are using the online Turbotax at least. I did print out all the worksheets and it does seem the proper boxes are checked for a Roth in-plan rollover on the Turbotax worksheets if I answer according to the above procedure. But it does not put "ROLLOVER" by box 5b.
Essentially I just decided to give up and leave it without the word "ROLLOVER". It took me quite a while to figure out what was going on until I found the first link above that confirmed it was a bug. Not very satisfying and makes me less confident in Turbotax (plus I wasted a lot of time), but at least I know I entered my data correctly even if Turbotax doesn't update the 1040 perfectly. I do think they need to consider improving their support for Mega Backdoor Roth in-plan rollovers, they are very common now at tech companies.
You are correct. I had forgotten that TurboTax fails to include the word ROLLOVER when the taxable amount of an in-plan Roth rollover is zero.
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