In 2019, I converted all the money from 403(b) in TIAA via Rollover IRA in Fidelity to Roth IRA in Fidelity. How to enter in Turbotax? Please let me know step by step

Forum|Forum|6 years ago
February 4, 2020
5 replies
30 views

I have two 1099-R forms on this process. One is from the TIAA with G code and The other is from the Fidelity with 2 code.

TurboTax Premier Online

DanaB27

Employee Tax Expert

You should have gotten a 1099-R. Please follow these instructions to enter your Form 1099-R :

Login to your TurboTax Account
Click "Federal" from the left side of your screen
Click "Wages & Income" on the top
Scroll down and click "Start or Edit/Add" next to "IRA, 401(k), Pension Plan Withdrawals (1099-R)"
Answer "Yes" to the question "Did You Have Any of These Types of Income?"
Click "I'll Type it Myself"
Choose "Form 1099-R, Withdrawal of Money from 401(k) Retirement Plans, Pensions, IRAs, etc."
Click "Continue"
Enter your Form 1099-R
Continue until you get to the question "Rollover of 401(k) to Roth 401(k)" and answer "No"
Answer "Yes" to the "Was this Money Rolled Over to a Roth IRA?" question
Continue to answer the next few questions.

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tax13Author

Level 2

Which 1099-R form should I use? TIAA or Fidelity?

VictorW9

Level 7

You should receive two tax forms. A 1099-R reporting the distribution and a form 5498 reporting that you made the rollover contribution. However, this rollover from an account funded with pre-tax dollars to an Roth account funded with after-tax dollars can trigger a tax liability. The TIAA 1099-R may have already withheld taxes and that's the 1099-R you should be using in your taxes.

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