topic How to tell Turbo a rollover from 401a and Roth to simple IRA is non-taxable--in FREE version--no form revisions possible? Thank you! in Retirement tax questions

How to tell Turbo a rollover from 401a and Roth to simple IRA is non-taxable--in FREE version--no form revisions possible? Thank you!

not-extra-safe — Sun, 13 Oct 2019 18:22:02 GMT

Other users were told in this forum simply to answer No to rollover questions on 1099R page. Doesn't work for me: Total shows as taxable in my version whether I choose Yes or No.

Re: How to tell Turbo a rollover from 401a and Roth to simple IRA is non-taxable--in FREE version--no form revisions possible? Thank you!

macuser_22 — Sun, 13 Oct 2019 18:34:16 GMT

Explain what you mean by "from a 401a *and Roth* to simple IRA"? What does "and Roth" mean?

Are you saying that the 401(a) was a designated Roth (401(a) Roth) account? A Roth cannot be rolled to a SIMPLE IRA.

A Traditional 401(a) to SIMPLE IRA is not taxable. What code is in box 7 on your 1099-R for the 401 distribution? What is in box 2a? Is box 2b checked?

Re: How to tell Turbo a rollover from 401a and Roth to simple IRA is non-taxable--in FREE version--no form revisions possible? Thank you!

dmertz — Sun, 13 Oct 2019 23:19:05 GMT

Only a 401(k), 403(b) or 457(b) account can have a designated Roth account. A 401(a) plan that does not have a 401(k) element cannot have a designated Roth account. As macuser_22 indicated, it is impermissible to roll any kind of Roth account over to any kind of traditional retirement account.