Yes. You have interpreted the Form 1099Rs accurately. It is really quite simple. Enter the 1099s as they are and TurboTax will translate them accurately. By entering the two Forms 1099Rs it will show the withdrawal and rollover and conversion accurately. Here is how to enter a Form 1099R:
To Enter Form 1099-R:
1. Select the Federal Taxes Tab
2. Select the Wages & Income Sub-Tab
3. Choose Explore On My Own
4. Scroll down the page which should now show a list of available areas to visit
5. Under the Retirement Plans and Social Security section you should now see the IRA, 401(k), Pension Withdrawals (1099-R) section. You will want to select the Start option to the right.
For more information on the form 1099-r, select the link below.
https://turbotax.intuit.com/tax-tools/tax-tips/IRS-Tax-Forms/When-to-Use-Tax-Form-1099-R--Distributi...
Per @
RyanH2
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
