Question
I made an after-tax 401k contribution which was converted to Roth 401k, and received form 1099-R. TT calc is including the conversion amount as taxable income. Why?
My 1099-R Box 1 has the contribution/conversion amount, and Box 2a is $0. I entered this form into TurboTax as an after-tax contribution that was converted to a Roth 401k. Since these contributions were made with after-tax dollars, I should not be paying taxes on the "distribution"/conversion. However, TurboTax is including the conversion amount as taxable income. Please help!
