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Retirement tax questions
Presumably your Form 1099-R shows an amount in box 5 equal to the amount that you rolled over to the Roth IRA. Yes, you must split the Form 1099-R into two to accommodate TurboTax's limitations on being able to report this, one Form 1099-R for the portion rolled over to the traditional IRA and one for the portion rolled over to the Roth IRA.
March 10, 2021
11:20 AM