Turbotax marked rollover on form 1040

[LucaX]

Form 1040 has rollover checked on box 5b. Interestingly enough, it did not last year. Is this correct? I did not rollover any funds between accounts. I did have after tax contributions with the Microsoft rollover though (I also had those in 2023 though and it did not say rollover).

[DawnC]

No, if you did not rollover your retirement distribution, the word ROLLOVER should not be printed on line 5b.   You should delete the 1099-R and re-enter it, and carefully answer the follow-up question.   According to your return, some portion or all of your distribution was put back into a qualified retirement plan.   Since that is not the case, you will need to remove that distribution and re-enter it without indicating there was a rollover.   

How to delete forms in TurboTax Online

How to delete forms in TurboTax Desktop

Where do I enter a 1099-R?

[LucaX]

Do I answer yes to this question for Roth In-plan Conversion if I have it set to convert my after-tax contributions?

Did you move this money from a 401(k) to a Roth 401(k)?

This includes rollovers from a regular 401(k), 403(b) or 457(b) plan to a designated Roth 401(k), 403(b) or 457(b) plan.

Yes, I moved the money to a Roth 401(k), Roth 403(b), or a 457(b) plan

No, I didn't.

[LucaX]

Also, even if I write No to all the questions, TurboTax wrote rollover on it.

[RobertB4444]

If you converted it to a Roth then answer yes and it does count as a taxable rollover so it should say rollover on it.  You're good.

@LucaX 

[VolvoGirl]

Why did you get a 1099R?  What did you do?   What code is in 1099R box 7?

[LucaX]

It would appear having ROLLOVER is correct as I have code G marked on my 1099R from my after-tax roth conversion.

It would seem the fact it was not there last year might actually be an issue with TurboTax back then. Is this understanding correct? Thanks. 

https://ttlc.intuit.com/community/retirement/discussion/word-rollover-does-not-appear-next-to-form-1...

[RobertB4444]

TurboTax was still adding ROLLOVER to the returns in 2023.  Was the 2023 1099-R coded with a G?

@LucaX 

[LucaX]

Yes, it is worth noting that box 5b was 0 both years. Also worth noting that when I hit yes to that radio box above, the word ROLLOVER disappears.

[LindaS5247]

If your Form 1099-R had a "G" in box 7 that is likely why it was showing that way. Interesting.

[LucaX]

Just to clarify, should I answer then yes to this question for a roth in-plan conversion of after tax contributions?

"Did you move this money from a 401(k) to a Roth 401(k)?"

If so, is it fine that answering yes to this removes the ROLLOVER keyword from my return?

[LindaS5247]

If you moved your money from a 401(K) plan to a ROTH 401(K) you can answer yes. A Roth 401(k) is not exactly the same thing as Roth IRA. I'm not sure what type of Roth you rolled to. Was it an employer-sponsored Roth?

Both Roth IRAs and Roth 401(k) s offer tax-free growth and withdrawals, but Roth 401(k) s are employer-sponsored, have higher contribution limits, and may offer employer matching, while Roth IRAs are individual accounts with lower limits and no employer matching, but offer more investment flexibility