- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
1099-R includes rollover and form 5498 includes QCD
My 2020 form 1099-R is accompanied by two 5498 Forms. One 5498 covers my Roth conversion and Qualified Charitable Distributions (QCD). I know how to enter this. The second 5498 includes both required minimum distributions that were reversed, i.e. rolled over before August 2020 and a QCD, hence the problem. How do I fill out the 1099-R for the rollover that accurately reflects the amount rolled over and the QCD that is incorrectly included. If I use the full amount, it will all be reported as non-taxable. That is the same result the I should achieve if I accurately report the amount actually rolled over and the QCD. Do I just ignore the QCD and report the full amount as a rollover?
ā€ˇFebruary 8, 2021
7:45 AM