DanaB27
Expert Alumni

Retirement tax questions

Please follow these steps to split you Form 1099-R:

 

  1. Click on "Search" on the top right and type “1099-R” 
  2. Click on “Jump to 1099-R”
  3. Enter the first 1099-R for the rollover into the traditional IRA:
    1. Box 1 Enter amount send to traditional IRA
    2. Box 5 blank
  4. On the "Did you move this money from a 401(k) to a Roth 401(k)?" screen answer "No"
  5. On the "Did you move the money to a Roth IRA?" screen answer "No"
  6. Enter a second 1099-R for the conversion to Roth IRA:
    1. Box 1 Enter amount send to Roth IRA
    2. Box 5 enter amount listed on Form 1099-R
  7. On the "Did you move this money from a 401(k) to a Roth 401(k)?" screen answer "No"
  8. On the "Did you move the money to a Roth IRA?" screen answer "Yes"

 

 

@GiancarloJulie 

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