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Retirement tax questions
Thank you for your response.
So, for TT, do I need to split the one 1099-R form that I received, which is:
Box 1: $100,000
Box 2a: $0
Box 5: $5,000
Box 7: G, with IRA/SEP/SIMPLE not checked
Into two separate 1099-R forms in TT as follows:
1st form (for rollover into traditional IRA):
Box 1: $95,000
Box 2a: $0
Box 5: $0
Box 7: G, with IRA/SEP/SIMPLE not checked
2nd form (for rollover into Roth IRA):
Box 1: $5,000
Box 2a: $0.00
Box 5: $5,000
Box 7: G, with IRA/SEP/SIMPLE not checked
‎April 9, 2024
10:24 AM