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Do I have to make up two new 1099Rs in Turbotax 2015 for a traditional IRA to Roth conversion with a later partial recharacterization?
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I am doing 2015
taxes. I converted $X from a traditional IRA to a Roth IRA and then
later did a recharacterization of about 2/3 of $X by putting 2/3 $X back
into the traditional IRA for tax year 2015. My broker issued a 1099R
showing the $X as a Gross Distribution from the traditional IRA for
2015. Even though I have only one 1099R, Turbotax seems to be telling
me I have to make up two new separate 1099Rs.
Is this correct, or am I missing something? Thanks
Topics:
May 31, 2019
11:21 PM