dmertz
Level 15

Retirement tax questions

The amounts in boxes 1, 2a and 5 of the Form 1099-R imply that Vanguard believes that $104,282 was rolled over to a Roth IRA and that $25,718 was rolled over to a traditional IRA.  If that's the case, for entry into TurboTax you must split the Form 1099-R into two, one with $104,282 in box 1, $41,397 in box 2a and $62,885 in box 5 for the portion rollover to the Roth IRA and another with $25,718 in box 1 $0 in box 2a and $ in box 5 for the portion rolled over to the traditional IRA.  TurboTax can't properly handle the entry of a code-G Form 1099-R that combines rollovers to traditional and Roth IRAs.

 

If the entire $130,000 was rolled over to a Roth IRA, the Form 1099-R provided by Vanguard is incorrect and should have $67,115 in box 2a.  Since Vanguard will not correct the Form 1099-R to reflect this, you would need to enter into TurboTax a substitute Form 1099-R (Form 4852) with explanation.  Doing so precludes e-filing.