Retirement tax questions

There is not such thing as a "403B with some designated Roth contributions under it".  A 403(b) Roth (Designated Roth) is a separate account from a 403(b).  They are two types of 403 accounts.

 

A regular 403(b) can contain after-tax money, but that is not a Roth, it is simply after-tax money within the 403(b).   When converted to an IRA both the before tax after-tax money can be rolled into a Traditional IRA, or the before-tax can be rolled to a Traditional IRA and the after-tax to a Roth IRA.

 

However, any after-tax money must be identified in box 5, otherwise it would all be before-tax money that cannot be rolled to a Roth IRA.

 

And no, you do not need two 1099-0R's from the plan administrator.  You need a single 1099-R that identifies that portion of box 1 went to the Traditional IRA and the portion that went to the Roth IRA - the box 5 does that.  The 1099-R that you have says that it is all before-tax  money and all went  to a Traditional IRA.

 

(It is TurboTax that requires that *you* enter this as two 1099-R's because two destinations are involved and TurboTax is not capable if doing that with one 1099-R, but the box 5 amount must be resolved first).

 

**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.**