How to enter on turbo tax so the correct amount to be taxed shows into calculation on your form
Box 1: 20,000
Box 2a: 20,000
Box 3: 0
Box 4: 0
Box 5: 0
IRA/SIMPLE/SEP box NOT checked
1. All the other examples are 6500-7000, this amount is higher.
2. This is for code G for direct conversion with NO capital gains in a employer plan that allows it.
There is no limit on the amount of an In-plan Roth Rollover. Enter the code-G Form 1099-R (in the Form 1099-R section of TurboTax) exactly as received and indicate that the rollover was to a Roth 401(k) or Roth 403(b). TurboTax will then include the $20,000 on Form 1040 line 5b. Enter this rollover nowhere else. Do not enter it anywhere under Deductions & Credits.
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