dmertz
Level 15

Get your taxes done using TurboTax

You must split this Form 1099-R into two for entry into TurboTax, one reporting the amount rolled over to the Roth IRA and the other for the amount rolled over to the traditional IRA.    The dollar amounts for each box on the split forms must total to the same amount as on the original.  The Form 1099-R that you'll indicate was converted to Roth will have:

 

Box 1   = $80,419.13

Box 2a = $60,000.00

Box 5   = $20,419.13

Box 7   = Code G

 

The Form 1099-R for the portion rolled over to the traditional IRA will have:

 

Box 1   = $1,144.87

Box 2a = $0

Box 5   = $0

Box 7   = Code G