I think I have found a problem with the Form 1099-R Summary.
I imported my 1099-R from my broker, which was for a Roth Conversion from a Traditional IRA.
The 1099-R Form has a distribution code of 7 - Normal Distribution. Which is correct, there isn't an option for Roth or Roth Conversion.
In the Form 1099-R Summary, under the Traditional IRA Distributions, the funds are correct and are shown in lines 1 and 2 as distributions.
Zero dollars are shown in Line 3 "Amount of line 2 converted to a Roth IRA", and zero dollars are shown in Line 4 "Net amount of line 2 converted to a Roth IRA.
The amounts do show in Line 5 "Amount of line 2 converted to a Roth IRA."
Line 8 "Taxable amount not converted to a Roth IRA" shows the dollar amounts. This should be on Line 9 instead, "Taxable amount of Roth IRA Conversions."
Line 10 is correct which shows the correct "Taxable amount included on Form 1040, line 4b".
Tax wise I don't think this matters since line 10 is correct and is brought over to the 1040 correctly.
And I'm not sure how TurboTax would know from a 1099-R if the distribution from the Traditional IRA was put into a Roth or cashed out.
I'm thinking there should be a check or question in the software, asking if that distribution was a Roth conversion after the information is imported from the broker.
Please advise.
