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When asked if a rollover was to a designated Roth401k or 403b plan, do I answer yes or no because it was rolled over to a 457b plan?

Forum|Forum|7 years ago
June 4, 2019
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Didn't know if it was looking for a yes or no it was rolled over (in general) or specifically to a 401 or 403.

TurboTax Deluxe Online

Best answer by macuser_22

If a box 7 code G and box 2a is zero then answer no. That is asking if the amount was converted to a after-tax Roth account. Assuming that it was not, then answer no to the two Roth questions and the default is a Traditional account.

macuser_22Answer

Employee

If a box 7 code G and box 2a is zero then answer no. That is asking if the amount was converted to a after-tax Roth account. Assuming that it was not, then answer no to the two Roth questions and the default is a Traditional account.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

D

dmertz

Employee

Since it's not permissible to roll over from a traditional account in one qualified retirement plan to a Roth account in a different qualified retirement plan, the rollover *shouldn't* have been to a Roth account, so the answer to both Roth questions *should* be No.