1099-R asks questions that do not make sense after completing the form information. I have a combination of IRA roll-over & ROTH roll-over. Can you clear up questions?

[r1txtll1500]

None of answers address roll-over into (1) Standard IRA and (2) Roth Account.

[dmertz · Accepted solution]

If you have a single Form 1099-R reporting a combination of rollovers to traditional and Roth IRA accounts, you must split the Form 1099-R into two, one for the portion rolled over to the traditional IRA and the other for the portion rolled over to the Roth IRA.  The dollar amounts on the two split Forms 1099-R should total the dollar amounts on the original.

[r1txtll1500]

Is this an acceptable method to IRS, since a single 1099-R was reported?

[dmertz]

It's the method indicated the TurboTax help.  The IRS is generally satisfied if the totals match up.  Also, if there is no withholding in box 4, details of the Forms 1099-R are not included in your e-filing.

If these were independent distributions from a qualified retirement plan, any after-tax basis in box 5 must be split proportionately between the rollovers to the traditional and Roth IRAs.  If these rollovers were the result of a split simultaneous distributions directly rolled over to two separate destinations following the guidelines of IRS Notice 2014-54, you would normally allocate the after-tax basis first to the rollover to the Roth IRA and any remaining after-tax basis (usually none) to the traditional IRA.