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Level 1
posted Jan 31, 2020 11:15:13 AM

1099R with both Post tax and pre tax

I received a 1099 R with amount containing Post 86 After Tax amount that had amount I contributed and amount gain in 401K.  The actual after tax amount was moved into Roth IRA and the amount gained (not taxed) was moved into an IRA.  I don't see in Turbo Tax how to separate this.  It expects it to be either one or the other.  Do I need to request a 1099R with them separate?

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2 Replies
Expert Alumni
Feb 7, 2020 11:56:51 AM

No, you do not need a new 1099R. The program will allow you to enter the numbers separately into what was contributed/rolled where.

 

Clarifying: one 1099R from a 401k with a basis of after tax dollars plus gain. The after tax dollars were moved into a Roth IRA. The gain was moved into some type of IRA.

 

If you are having trouble, you may want to contact a specialist that can work through that section of the return with you. It is a very particular process.

 

 

Level 15
Feb 7, 2020 12:37:25 PM

TurboTax does not handle this situation directly.  Buried in the TurboTax help are instructions telling you to split the Form 1099-R into two, one for the portion rolled over to the traditional IRA and anther for the portion rolled over to the Roth IRA.