- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
1099-R Distribution, Rollover, and Roth Conversion
Hi, I had a question about entering my 1099-R distributions:
I rolled over my entire employer based 403B into a rollover IRA and then converted that entire amount into a Roth IRA. This generated two 1099-Rs with distribution codes 2 and G. Ultimately this is the same money but converting to the Roth IRA is a taxable event so do I need to enter both 1099-Rs into my tax return or can I just include the Roth one since only this one requires me to pay taxes. The taxable amount on the rollover portion is zero. It seems redundant to enter both and the software flags it when the taxable amount is entered as "0". Appreciate the help!
May 14, 2021
4:57 PM