This past year I rolled over my 401K to 2 IRA's - a traditional IRA for the pre-tax portion, and a Roth IRA for the after-tax portion (I was making Roth contributions to the 401K).
$97,732.21 > rolled to a Traditional IRA, non taxable direct rollover code G on the 1099-R. This is all fine and correct, no taxes impacted.
$40,208.63 > rolled to Roth IRA, non taxable rollover code H directly to Roth IRA. This 1099-R is fine and correct, no taxes impacted. This 1099-R from the 401K includes the below:
Box 1 Gross Distr. $40,208.63
Box 2A Taxable Amt $0.00
....
Box 5 Employee Contributions $21959.28
Box 6 Net unrealized appreciation $0.00
Box 7 Code H
...
Box 11 2017
The issue is that after I rolled over to the Roth IRA, I took a distribution from the Roth IRA of just the employee contributions, $21,959 (box 5 amount). I am younger than 59 1/2, however this should not be taxable as I did not withdraw any investment earnings, only contributions which can be taken out at any time.
The Roth IRA 1099 shows the below information. Fidelity refuses to update the information to reflect the info from the 401K 1099, as they claim they do not calculate the taxable portion for IRAs . They advised me that they checked the taxable amount not determined box, and I can work with a CPA to determine the taxable portion. Here is the information for the problematic 1099-R that is causing taxes to be owed:
Box 1 Gross Distr. $21959.00
Box 2A Taxable Amt blank
Box 2b Taxable amount not determined box is checked
....
Box 5 Employee Contributions blank
Box 6 Net unrealized appreciation blank
Box 7 Code J- Early Distribution of Roth IRA
...
Box 11 Blank
Since the taxable portion should be 0.00, where can I show this was only contributions? I am only prompted with questions about qualifying exceptions (first time home purchase, medical, disaster etc), however nothing on turbotax seems to be checking if these are contributions vs earnings. How can I file this to show that I only took out contributions and shouldn't owe any taxes on this withdrawal?
