On advice from his broker, client rolled over his 401K account balance to a Roth IRA. Taxable event. The 1099-R shows the rollover amount as taxable. The distribution code shows as "G", for a rollover to an IRA.
Proseries is not showing the amount as taxable, presumably because of the G code. How do I fix this?
This discussion has been locked. No new contributions can be made. You may start a new discussion here
Positive. Not a Roth 401K.
In any event, I found the solution, inadvertently.
On page 2 of the 1099-R worksheet, you can indicate that it was rolled to a Roth IRA. That takes care of the issue.
Thanks for looking at this.
"I found the solution, inadvertently."
Here is your Help article:
https://proconnect.intuit.com/community/individual/help/proseries-form-1099-r-faq-s/00/4853
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.