Is it considered a "rollover"if i moved my 401k to a roth IRA?

tonytran23 · ‎May 31, 2019

dmertz · ‎May 31, 2019

Yes, it's a taxable rollover. (It's sometimes also referred to as a Roth conversion, but the term "Roth conversion" technically only applies to conversion from a traditional IRA to a Roth IRA).

Enter the Form 1099-R reporting the distribution from the 401(k) and in the follow-up questions indicate that you moved the money to a Roth IRA. The taxable amount of the conversion should appear on Form 1040 line 16b or Form 1040A line 12b with the word ROLLOVER next to the line.

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dmertz · ‎May 31, 2019

Yes, it's a taxable rollover. (It's sometimes also referred to as a Roth conversion, but the term "Roth conversion" technically only applies to conversion from a traditional IRA to a Roth IRA).

Enter the Form 1099-R reporting the distribution from the 401(k) and in the follow-up questions indicate that you moved the money to a Roth IRA. The taxable amount of the conversion should appear on Form 1040 line 16b or Form 1040A line 12b with the word ROLLOVER next to the line.