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- how do i input money moved from one qualified plan (457 pre-tax) to another qualified plan (457 Roth post -tax).
how do i input money moved from one qualified plan (457 pre-tax) to another qualified plan (457 Roth post -tax).
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KD
Level 1
03-23-2023
10:11 AM
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Hi. My client moved from one qualified plan (457 pre-tax) to another qualified plan (457 Roth post -tax). I know it is taxable now. How do I report this? Is it a conversion? distribution? contribution?
Thanks.
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Skylane
Level 11
03-23-2023
10:41 AM
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What paperwork did you receive? Probably a conversion
If at first you don’t succeed…..find a workaround
KD
Level 1
03-23-2023
10:47 AM
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Hi. I received a 1099R with "G" in box 7. Distribution amount is 20,000; Taxable amount is 20,000.
I may have figured it out. On the 1099R Worksheet, I checked box B5. This seems to have worked?
