BTW: $20K is only 11% of $180K so the actual tax at your margional tax rate is probably much higher than that. If you are in the 24% bracket then you should have had about $43K withheld or you will have to pay from other funds.
Assuming that you took a distribution of $180K and $80K was the RMD and $100K was converted to a Roth then enter it as follows:
When asked about the RMD, enter the amount taken as a RMD.
Enter a 1099-R here:
Federal Taxes,
Wages & Income
I’ll choose what I work on (if that screen comes up),
Retirement Plans & Social Security,
IRA, 401(k), Pension Plan Withdrawals (1099-R).
OR Use the "Tools" menu (if online version under My Account) and then "Search Topics" for "1099-R" which will take you to the same place.
Be sure to choose which spouse the 1099-R is for if this is a joint tax return.
Be sure to pick the correct 1099-R type: Standard 1099-R, CSA-1099-R, CSF-1099-R, RRB-1099-R.
If this was a rollover or conversion, answer the question that you moved the money to another retirement account (can be the same account). The screen will open up with choices of where it was moved. Then choose that you did a combination of things. Enter the $100K that was converted to a Roth in the bottom box ans leave the top box blank.
[NOTE: When you get to the "Your 1099-R Entries" screen where you can add another 1099-R, use "continue" to keep going as there are additional interview questions after that screen in most cases. You can always return as shown above.]
It will show as income on the summary screen which shows gross income, not taxable income.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
