I switched jobs in 2022, have a 1099-R form. The funds rolled over to a roth ira in january of 2023, do I have to report that for 2022 or for next year?

[HelenC12]

Since you received Form 1099-R for tax year 2022, you have to report it on your 2022 income tax return. As you go through the TurboTax interview, you'll be asked what you did with the money. You'll enter that you Rolled over the amount.

To enter your Rollover:

1. Open (continue) your return in TurboTax.
2. Select Pick up where you left off. 
3. On the left side menu, select Federal, Wages & Income.
4. On the Let's get the details on your 2022 income... screen or the Wages and income screen, scroll down to IRA, 401(k), Pension Plan Withdrawals (1099-R) then Edit/Add.
5. If you get the Review your 1099-R info screen, select Add another 1099-R and Continue. 
6. On the Let's import your tax info screen, select Change how I enter my form.
7. On the How would you like to upload your 1099-Form screen, select Type it in myself.
8. Continue with the onscreen interview until you get to the Tell us if you moved the money through a rollover or conversion screen and select I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days) and Continue.
9. On the Did you rollover all of the XXX (Box1) to another retirement account? screen and select Yes, I rolled over XXX to another traditional IRA or retirement account (or returned it to the same account and Continue.
10. You should get a message, "Good news! You don't owe taxes on your rollover." 

[billyh88]

Thanks for the assistance. I get a screen that asked if I rolled it over to a Roth IRA, to which I did in January of 2023, a self directed Roth IRA. It increased my tax bill by about $10,713. Because I did this rollover in 2023 would it still be reported for the 2022 year?

[Cynthiad66]

Yes it would still be reported on your 2022 tax return.  

A rollover occurs when you withdraw cash or other assets from one eligible retirement plan and contribute all or part of it, within 60 days, to another eligible retirement plan. This rollover transaction isn't taxable, unless the rollover is to a Roth IRA or a designated Roth account from another type of plan or account, but it is reportable on your federal tax return. You must include the taxable amount of a distribution that you don't roll over in income in the year of the distribution.

The reason you are being taxed is because distribution has never been taxed if you had in a traditional 401K.  Roth IRA,s are after tax.

For additional information use this link to an IRS site.