457 Rollover 1099-R

SomeoneLikeYu — Sun, 31 Jan 2021 04:19:25 GMT

I had one In Plan Roth Rollover of 457 in 2020 and received the 1099-R. How do I answer the question “Is this 1099-R reporting a rollover of funds from a 401(k), 403(b) or governmental 457(b) plan to a designated Roth 401(k) or Roth 403(b) plan?” The answers are “Yes, this money rolled over to a designated Roth 401(k) or 403(b) account.” and “No, this money didn’t roll over to a designated Roth 401(k) or 403(b) account.”

Initially I thought the answer would be “No” because I had the In Plan Rollover of 457, not to either Roth 401(k) or 403(b), however, the answer “No” didn’t change the Federal or State tax due. When I chose “Yes”, it changed the Federal or State tax due. Should I answer “Yes”? Thank you.

Re: 457 Rollover 1099-R

dmertz — Sun, 31 Jan 2021 14:01:06 GMT

Answer “Yes, this money rolled over to a designated Roth 401(k) or 403(b) account.” TurboTax developers mistakenly omitted 457(b) and the federal TSP from the account types listed.

topic 457 Rollover 1099-R in Retirement tax questions

457 Rollover 1099-R

Re: 457 Rollover 1099-R