- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to file a 1099-R on trustee-to-trustee transfer
Hello experts,
My work retirement plan made trustee-to-trustee transfer funds to my Roth IRA for contribution portion and T-IRA for the gain portion, involving no payment or distribution to me. I received one 1099-R with code G for the contribution portion and the forms 5498 reflecting both are rollovers.
But TurboTax accounted my gain portion as the taxable income which is already rolled into the T-IRA. How this can be corrected in the tax filing or how do I handle the situation?
Thanks. Kent
March 6, 2022
1:48 AM