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Retirement tax questions
@sefcik , it seems likely that there is nothing wrong with your Form 1099-R. For a distribution from a traditional IRA, the amount in box 2a must equal the amount in box 1, box 2b taxable amount not determined must be marked and the IRA/SEP/SIMPLE box must be marked. The taxable amount must then be calculated on Form 8606 based on this Form 1099-R and the additional information that you provide after clicking the Continue button on the page that lists the 1099-R forms that you've entered. If you had any money in traditional IRAs on December 31, some amount of your Roth conversion is taxable.
‎February 28, 2021
4:35 PM