Rollover Roth 401K to Roth IRA

[nangua825]

Last year I rolled over my roth 401K from previous company to Vanguard roth IRA, and received 1099R, on that tax form it shows about 1/3 of the money is my contribution, yet after I import the form, my tax due went up a lot , and on the `Retirement Income Results` page, it showed all the gross distribution from box 1 is taxable, that's is so not true,  my contribution part is after tax money, and any dividends earned from my portion should be tax free too, why do I have to pay tax on the whole gross distribution? is there a way I can correct this? 

[FangxiaL]

It should not be a taxable event if you rolled over the distribution. Did you do a trustee-to-trustee direct rollover? Check to make sure the 1099-R form is imported correctly. What is the distribution code on the 1099-R form?

[nangua825]

yes, it's a trustee-to-trustee direct rollover, Alight directly mailed the check to Vanguard, before that I was on the phone with both of them to make sure it's a Roth 401K rollover to Roth IRA.

The distribution code in box 7 is H,

box 2a Taxable amount is blank

box 2b: Taxable amount not determined total distribution

box 5: it shows my contribution amount

box 11 1st year of desig. Roth contrib 2011

[MinhT1 · Accepted solution]

Your form 1099-R is correctly coded. Code H in box 7 means Direct rollover of a designated Roth account distribution to a Roth IRA.

When entering your 1099-R, in the interview, you will indicate that this is a rollover.

Enter your form 1099-R by following these steps:

1. In TurboTax, open your tax return
2. Click on Federal in the left-hand column, then on Wages & Income on top of the screen
3. Scroll down and locate the section Retirement Plans and Social Security and click on Show more
4. Click Start next to IRAs, 401(k), Pension Plan Withdrawals (1099-R).
5. Enter your form 1099-R and follow the interview
6. When you arrive to the page Tell us if you moved the money through a rollover or conversion, click on the radio button I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)

[nangua825]

thank you for the reply, I double checked the form and figured out that I checked the wrong box,  on 1099-R, the box 2b has `Total distribution` box checked, but when I filed the tax,  I checked the box `Taxable amount not determined`,  as soon as i fix the checkbox, the number looks right. thanks!