- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
1099R state tax withheld
I contributed 6000$ to my traditional IRA and then did a backdoor roth with TDameritrade To do the conversion 240$ was NC state withheld. So I recieved 2 different 1099-R forms, one with distribution of $5670 with box 14 blank (no state tax wittheld) and the other with a distribution$240 box 14 -$240 state tax withheld and state distribution $240.
Turbotax detected it as 2 different 1099R. is that right or should I just combine them and put in the state tax withheld and the state distribution as 5760?
Would my Roth contribution still considered to be $6000 or 5760 as far form 8606?
For the $240 distribuition/tax withheld Turbotax asks me what I did with the money? move it to another retirement account or something else. would the tax withheld be the something else?
Appreciate the help.