How to account for Form 1099-R

Forum|Forum|1 year ago
March 5, 2025
1 reply
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I received Form 1099-R for conversion of after-tax 401K contribution to Roth 401K. The form lists three items:

1. Gross distribution

2a. Taxable amount

5. Employee contrib/desig Roth contrib or insurance premiums

How do I account for the above in turbotax?

Ask the Experts - MetLife VII - Mar 2025

LindaS5247

Level 14

You can do the following in TurboTax to report your Form 1099-R:

Open your tax return
Click on the Search icon at the upper right of your TurboTax screen

Type "1099-R" in the search bar and hit enter

Click on the link "Jump to 1099-R"
This will take you to the 1099-R section of your TurboTax program.

if you need to add a new Form 1099-R, select "Add another 1099-R"
You can select "I'll type it myself"

Choose "Form 1099-R, Withdrawal of Money from 401(k) Retirement Plans, Pensions, IRAs, etc."
Click "Continue" and enter the information from your 1099-R
Answer questions until you get to “What Did You Do With The Money” and choose “I moved it to another retirement account”

Then choose “I did a combination of rolling over, converting, or cashing out money.” and enter the amount next to "Amount converted to a Roth IRA account"
Continue through any TurboTax follow-up qyuestions.

You should enter the 1099-R into your TurboTax program exactly as it is printed. TurboTax will then ask you some follow-up questions, like the amount of your Roth IRA contribution basis.

Click here for the IRS instructions for Form 1099-R.

Click here for instructions on where to enter your Form 1099-R

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