@DanaB27
"Please be aware, that the whole distribution will show as income in TurboTax on the summary screen which shows gross income, not taxable income. To verify that the entry is correct please look at Form 1040 line 4b (taxable amount), it should only have your gains entered as taxable. "
This exactly the issue. I received 2 1099-R:
1) One from the recharacterization (roth to trad ira) and a second from roth conversion. This was around $6900. And it's gross (box 1) is $6900 and taxable income (box 2a) is $0.
2) The second is for the conversion (trad to roth) , and both box 1 and box 2a are $7000!
This is the part that is confusing me. I think I should change the gross to $1000 from capital gains and only keep one of the 1099-R. Please help if you agree.
Thanks!
