If I rolled over a traditional 401(k) into a Roth 401(k), is the correct 1099-R code "G?" If not, which is the correct code to indicate this should be taxed?

[shannon-thielen394]

Code "G" only seems to apply to rollovers between accounts of the same type. This is a rollover, but also a conversion from a traditional into a Roth account, so I know I will need to pay income taxes on the amount. Please help!

[MaryK4]

No, Code G is for a direct rollover of a distribution to a qualified plan, a section 403(b) plan, a governmental section 457(b) plan, or an IRA.  You will want to enter the 1099-R as you received it because this is what is reported to the IRS.  In TurboTax there will be a follow up question so that you can indicate the conversion.  (See below)

[shannon-thielen394]

Thanks Mary!  To clarify, if the 1099-R lists code G, I shouldn't change it?  And with respect to the follow-up question, which of those options would apply?  I don't see an option for conversion to a Roth 401(k).  Thanks again!

[MaryK4]

Correct, you do not want to make any changes to the 1099-R entry, but look for the screen below, here is where you will want to put the New York state indicator. @shannon-thielen394