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Get your taxes done using TurboTax
To accommodate TurboTax's inability to deal with a Form 1099-R that reports rollovers split between rollovers to a traditional IRA and rollovers to a Roth IRA, you must split the Form 1099-R into two, one for the amount rolled over to the traditional IRA (~$15 in box 1, $0 in boxes 2a and 5) and the other for the portion rolled over to the Roth IRA ($5,050). The taxable amount of $50 shown in box 2a and the $5,000 shown in box 5 of your code-G Form 1099-R will go on the split form that you'll use to report the rollovers to the Roth IRA ($5,050 in box 1, $50 in box 2a and $5,000 in box 5). These amounts will sum to the respective amounts on the original Form 1099-R.
March 16, 2025
1:51 PM
1,899 Views