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ttullio3
New Member
posted
‎June 6, 2019 2:09 AM
last updated ‎June 06, 2019 2:09 AM

Can I gt an answer to re-characterization from 2017 Roth toRollover IRA? Fidelity 1099s have the right codes but Ttax does nothing to adjust the amount from the Rollover?

 
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Critter
Level 15
‎June 6, 2019 2:09 AM

Can I gt an answer to re-characterization from 2017 Roth toRollover IRA? Fidelity 1099s have the right codes but Ttax does nothing to adjust the amount from the Rollover?

After you enter the 1099-R you must continue screen by screen to indicate the amount was recharacterized then it will show on the form 1040 correctly.  Do NOT just look at the summary screen as it can be confusing ... instead review the actual form 1040.

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Critter
Level 15
‎June 6, 2019 2:09 AM

Can I gt an answer to re-characterization from 2017 Roth toRollover IRA? Fidelity 1099s have the right codes but Ttax does nothing to adjust the amount from the Rollover?

After you enter the 1099-R you must continue screen by screen to indicate the amount was recharacterized then it will show on the form 1040 correctly.  Do NOT just look at the summary screen as it can be confusing ... instead review the actual form 1040.

View solution in original post

0
66
Reply