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Best answer by DawnC

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.  

 

1 reply

March 6, 2024

A rollover from a 457(b) plan to a Roth IRA is taxable.

 

 

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March 6, 2024

Would Turbo Tax have done this correctly?

March 6, 2024

Also, how would I check that it has been done correctly?  What do I look for on my tax return?