Hi all,
This year, I performed the following (in this order, all within 2019):
- Reverse rollover of all funds in a Traditional IRA into my employer Traditional 401(k), resulting in $0 balance in the Traditional IRA (apparently will not receive 1099-R)
- Non-deductible contributions into Traditional IRA for tax year 2018 and 2019 (reported the 2018 tax year contribution already with my 2018 tax return)
- Traditional IRA to Roth IRA conversion (completed a few days after step 2; received 1099-R)
I used this very helpful article to properly enter my Backdoor Roth (steps 2 and 3 above) into Turbotax, and I'm pretty sure it's done correctly because I have taxable income of only a few dollars (the investment gain over a few days) as a result.
Question: The article linked above does not describe how to properly report step 1, and my brokerage (Betterment) did not issue a 1099-R for this reverse-rollover (reasoning that they don't need to because it was a direct transfer and is therefore not taxable). Is anyone able to provide step-by-step instructions for reporting the reverse rollover properly in TurboTax? I imagine I'll need to act as if I'm reporting another 1099-R, selecting the option that the brokerage didn't issue the form, but not sure where to go from there.
Any help available is much appreciated!
