@MOtaxM wrote:
Thank you. I'm going to have to ask to see my son's 1099-R, as I don't have access to it now. Could it be that when asked about making non-deductible contributions to an IRA, he should have said "no"? We said yes because of the other, regular IRA conversion that was done.
There was only one type of contribution- to an after tax 401k, and it was then moved in entirety to an outside roth IRA (but had appreciated slightly in the interim. hence the $97 taxable amount). My guess is that the 1099-R is correct, but that somehow, in answering questions, things got confused.
A rollover/conversion form a 401(k) to an IRA is NOT a contribution to the IRA and does not get entered as a contribution. Delete the 1099-R and re-enter.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
