rbynaker
Level 14
01-13-2023
06:36 PM
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There are not a lot of PTO experts on here. Maybe George will pop by but he has too many usernames for me to remember to tag the right one. 🙂
That said, sounds like that's the box I would check. Most of the tech MegaBackDoorRoths I see now have automatic conversion turned on. So the Box 1 and Box 5 are the same, no tax, just reported on 1040 5a with nothing taxable. Before that there would sometimes be timing differences between contribution and conversion resulting a tiny taxable income amount.