I converted money from a 403b to a Roth IRA, which should be taxable. The correct taxable amount is in box 2a of the 1099-R and the correct distribution code G is in box 7 according to IRS instructions. However, TurboTax does not treat this as taxable income and the word "ROLLOVER" is printed on line 4b "taxable amount" of the 1040 form. How do I correct this? " I can get it to treat it as taxable if I put the incorrect distribution code (e.g. "normal distribution") in box 7.
You'll need to sign in or create an account to connect with an expert.
Solved in the comments.
Yes, box B5 on TurboTax's 1099-R is the box that step-by-step mode marks when you answer Yes when asked if you rolled the money over to a Roth IRA, so marking this box in forms mode does the same thing.
Solved in the comments.
Yes, box B5 on TurboTax's 1099-R is the box that step-by-step mode marks when you answer Yes when asked if you rolled the money over to a Roth IRA, so marking this box in forms mode does the same thing.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
stellarun21
Level 2
jschoomer
Level 3
jschoomer
Level 3
emcatsiena
New Member
moses0020
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.