DanaB27
Expert Alumni

Retirement tax questions

It depends. To verify, you had a conversion from a traditional IRA to Roth IRA? If yes, then you would have the amount show up in line 4, please make sure that you check the IRA/SEP/SIMPLE box on your 1099-R.

 

If I misunderstood and both transactions came from your 401k then yes it would show in line 5 but it will have a taxable part for the conversion in 5b if it was converted from pre-tax funds. 

 

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