DanaB27
Expert Alumni

Retirement tax questions

Yes, this is correct:

  • for the first entry of 1099-R > rollover to traditional IRA > you would enter $100.00 in Box 1, $0 in box 2a, and $0.00 in Box 5. Select code G.
  • for the second entry of 1099-R > rollover to Roth IRA > you would enter $900.00 in Box 1, $0 in box 2a, and $900.00 in Box 5. Select code G.

No, you don't select corrected 1099-R. As long as the total and distributions codes match entering it like this will not cause a problem.

 

@RMD20201

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