RalphH1
Expert Alumni

Get your taxes done using TurboTax

You’re not missing anything with your description, but it sounds like something is telling the TurboTax program that both 1099s are fully taxable. The questions you see after entering the numbers box-for-box from the actual forms should be clarifying the situation, so I recommend revisiting them and making sure they’re answered accurately.

 

It looks like you’re on top of this already, LilyCat, but the rollover of pension funds to an IRA is generally non-taxable, and the conversion to Roth (unless there were any “post-tax” amounts) is taxable. And the same funds wouldn’t be taxed twice (on the same tax return, with no deduction in-between. But again, the program should be asking the questions needed (for correct tax treatment) — feel free to post here about any which you’re not sure about…

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