My 2020 traditional IRA 1099-R totals $125,000 in Boxes 1and 2a. It is ALL taxable. Can I split the 1099-R into two entries: $100,000 converted to a ROTH IRA and $25,000 as a regular distribution? The $25,000 does not show up on line 1040 4b as taxable no matter how many times I follow your step-by-step instructions. I made no nondeductible contributions, the IRA has no “ basis”, the $100,000 shows on Form 8606 Lines 16 and 18. I’ve never converted to a Roth until 2020; it is the only one I have. If I could make these into two separate entries I would think the $25,000 would finally land on 1040 Line 4b. It would also probably lower my $15,000 Federal tax refund! 🤣 (TurboTax Deluxe CD/Download Windows)
