AnnetteB6
Expert Alumni

Retirement tax questions

Even though the after-tax amount that was sent to the Roth IRA is shown as 'taxable' on your Form 1099-R, it does not mean it will automatically be reported as taxable on your return.

 

When you enter Form 1099-R and answer the follow-up questions to indicate that the distribution was rolled into a Roth IRA, the amount will be reported on your Form 1040 with 'rollover' and no taxable amount included in your income.  

 

@nc cpl

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