Deductions & credits

Champ,

 

I think you have put me on the right track.  Mine return is a bit more complicated though since the taxable income shown on the my 1099-R is made up of two components.  One component is the return of the $10,000 IRA withdrawal I had taken earlier in the year and the other piece is the amount of ROTH conversions I chose to do in 2020.  When I try to input all this on the TurboTax screens you have so kindly shown in your reply, the TurboTax software says I need two 1099-Rs to report all these transactions.  It recommends that I manually split my original 1099-R from Fidelity into two 1099-Rs for input purposes.  I can easily do this.  Just hope the IRS follows what I'm doing.  And I really wonder why TurboTax support said this would have to be reported on Form 8915.

 

Anyway I want to thank you for your informative reply.  I think your answer points people in the proper direction for reporting this kind of transaction.

 

Tom