I have three "live" 1099 issues .. all with box 5 issues.
(sorry if this created more confusion)
This question is about a 1099 code 7 that has numbers in many boxes ..
The total in 1, taxable Cost Basis in 2, After Tax contributions in 5, NUA in 6, code 7 in 7.
Pretty sure I answered all the questions correctly at least a few times before coming here.
TurboTax took the box 5 amount and added it to the "Taxable at Conversion" amount in
the IRA WorkSheet and on my 1040. I work in the interview mode, but check results in forms mode.
The above did not produce the desired results so I have since removed the box 5 amount and created a separate 1099 entry for that amount .. in order to get it entered correctly. So my question now is .. Is this okay to do .. splitting the 1099's .. I now have three (3) such instances on this years return? Details available on request.
