Rollover from 401K to Roth IRA.

[Joem100]

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?

[Just-Lisa-Now-]

You're sure it wasnt a ROTH 401k to a ROTH IRA?

[Joem100]

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.

[qbteachmt]

"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