- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Does step-by-step for 1099Rs correctly handle 401K rollovers to both ROTH IRAs as well as IRAs?
Using step-by-step resulted in some rollover money being listed as taxable income. I needed to manually correct the 1099R on steps B5 and B6. For 401K rollovers to a ROTH IRA, the program should also ask if the entire amount was converted to a ROTH IRA and if not, then ask for the amount rolled over to a ROTH IRA. If the remaining money (distribution minus ROTH rollover) was rolled over to an IRA, that money should not be taxable. (I have the CD version.)
Topics:
May 31, 2019
11:54 PM