rollover from 457(b) to Roth
Does a rollover from a 457(b) to a Roth require me to pay taxes? I believe I did that in 2022 and want to make sure I did it correctly.
Does a rollover from a 457(b) to a Roth require me to pay taxes? I believe I did that in 2022 and want to make sure I did it correctly.
Also, how would I check that it has been done correctly? What do I look for on my tax return?
TurboTax can properly report your rollover. A conversion to a Roth IRA results in taxation of any previously untaxed amounts.
Preview Form 1040. Look on Lines 5a and 5b, the taxable amount from Form 1099-R will be on line 5b.
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