@ChampChiran
No, the brokerage deposited into the account that was specified on the check, but as I mentioned, the check should have been made out to the traditional IRA account.
The custodian claimed that I erroneously designated that the traditional 401k check was to be deposited into my Roth IRA account, so they steadfastly refused to correct an error they claim they didn't make. The check said the traditional 401k should be deposited into the Roth IRA (from the start, that's not what I wanted), and that's what the brokerage did.
I DID get the brokerage to rightfully transfer the deposited money into my traditional IRA days later, but the brokerage holding my IRA isn't the one who sends a 1099R to the IRS, that's done by the custodian of the 401k who sent the check, but now the 1099R says I had a taxable distribution as a result of that transfer (traditional converted to Roth), but everything was fixed up on the front end, the brokerage deposited the money into my traditional IRA, it's just that the tax form, the 1099R, says something different, that I converted a traditional 401k to a Roth IRA, and that's what I'd like to find out, how do I report this in TurboTax?
In other words, as far as the money part of it goes, everything is correct, my traditional IRA received the money after it was erroneously deposited in my Roth IRA from my traditional 401k, it's just that the 1099R paperwork doesn't say that, so how do I report this in Turbotax?
I did see something in Turbotax that lets me input an "amended" 1099R amount, that can be done despite the fact that the custodian may not produce an amended 1099R to fit the facts, and I do have a letter from the 401k custodian stating that the amount was ultimately deposited into my traditional IRA, and furthermore, I do have the transaction history from my traditional IRA and Roth IRA brokerage accounts showing that the money deposited into the Roth IRA was transferred to the traditional IRA just a couple of days later, but how do I provide this evidence from within Turbo tax? One person told me that maybe I have to file a paper return instead of an electronic return, including copies of the letter and my brokerage transfers. Is that the only way?
I'll have to defer further answers to any further questions until tomorrow, it's getting late here on the east coast. Thanks for your replies so far.
