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
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:
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
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