ThomasM125
Expert Alumni

Get your taxes done using TurboTax

You need to make two Form 1099-R entries. On one entry, report the rollover of traditional funds to the traditional IRA. On the other one, report the rollover of the traditional funds to the Roth IRA. That way you can answer the questions separately. Just make sure the totals you enter agree with what is on the Form 1099-R.

 

When you are done, you can look at your Form 1040 on line 4b to insure that the correct amount of distribution is showing as taxable: 

 

  1. Choose Tax Tools from your left menu bar in TurboTax Online
  2. Choose Tools
  3. Choose View Tax Summary
  4. See the Preview my 1040 option in the left menu bar and click on it
  5. Choose the Back option in the left menu bar when you are done

 

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