3210747
I did an inplan roth conversion from my 457B * deferred comp plan. My code on the 1099 in G for direct rolleover and roller conversion and box 2b lists it as taxable. I did not check the box for it going to a Roth IRA as it is an not..However, the total amount is coming up an nontaxable income even though it is entered correctly?? what should I do
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When TurboTax asks if you rolled the distribution over to a Roth 401(k) or a Roth 403(b), answer Yes. The writers of this question mistakenly omitted Roth 457(b) from the list.
Yes, when you have a code G in box 7 of Form 1099-R, that indicates that it is a non-taxable transfer from one qualified plan to another.
You need to contact the plan administrator because either they didn't do the transfer the way you understand it, or they didn't complete the 1099-R correctly.
When TurboTax asks if you rolled the distribution over to a Roth 401(k) or a Roth 403(b), answer Yes. The writers of this question mistakenly omitted Roth 457(b) from the list.
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