Filing tax 1099-r for 401k after tax to Roth in plan conversion
Apr 14
7 Comments
I have been using in plan daily conversion to Roth for after tax 401k contributions in Fidelity. On my 1099-R, I see taxable income reported. Code is G. How does one report this ? The conversion is between two aftertax accounts, from 401k after tax to roth (which is after tax) within plan, done daily so there cannot be earnings. Please help.
Trying to use TaxAct
comments
No impact on taxes paid since I set a daily automatic conversion.