Regarding 401k traditional to 401k Roth conversion

[KKP1075]

Hi,
I have converted 401k traditional to 401k Roth of $50k.
The distribution code is G in Form 1099-R.
The generated tax estimation appears to be excluding this as taxable income.
Is it correct or essentially it should be taxable income.
Thanks 

[robtm]

Any rollover from traditional to Roth is taxable in the year it is done. After 5 years any distribution from the Roth account is nontaxable.

[ThomasM125 · Accepted solution]

It should be taxable. You need to review your answers to the questions after you enter the Form 1099-R. On the screen that says Rollover of 401(K) to Roth 401(K), you need to check the first box indicating the money was rolled over to a designated Roth 401(k) or Roth 403(b) account: