I have one more (hopefully last) follow-up question. My third major re-alignment of my retirement accounts was a source specific rollover from my 401K to my Solo 401K and Solo Roth 401K.
I received one 1099-R which was for the combined After Tax 401K contributions and the earnings on the After Tax 401K contributions. The Gross distribution is correct, and box 5 Employee contrib/desig Roth contrib or insurance premiums contains the proper value of my after tax contributions, excluding the earnings on those contributions. 2a Taxable Amount = 0, Distribution code G, IRA/SEP/SIMPLE not checked.
My problem is that when I enter the 1099-R in TurboTax, I get the question: Did you move this money from a 401(k) to a Roth 401(k)?
There is no option for my situation of rolling part to a Solo 401K and part to a Solo Roth 401K.
The Federal Review properly shows that there is no taxable income from this 1099-R.
My question: Is it OK to just leave it like this in TurboTax? Would it be a viable option to break this 1099-R into two individual 1099-Rs for the portions going to Solo Roth 401K and Solo 401K?
Thank you very much.
