I converted $50K from a traditional IRA to a Roth IRA. I received two 1099-R forms from Raymond James. One 1099-R shows a gross distribution of $8139, a taxable amount of $8139 and a withholding of federal and state taxes that add up to $8139. The other 1099-R has a gross distribution of $50K, a taxable amount of $50K and no federal or state tax withheld. Both forms have box 2b check and box 7 code 7 and IRA/SEP/SIMPLE checked. How do I answer the TurboTax desktop questions, "what did I do with the money" and subsequent questions for each 1099-R?
