1. The rollover creates taxable income. All of your account balances are submitted to the IRS each year for the year end balance. Use your brokerage forms for the correct information. Things just need to match up. See IRAs, HSAs, and CESAs: Year-end reporting.
2. No, nothing in deductions and credits, nothing to do in contributions since this was a rollover.
You only enter the 1099-R for the rollover and answer the questions, Your box 7 goes a long way - if you did a direct transfer or took the money into your hands. If you took the money, you have to go through answering the questions about what you did with the money.
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