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posted Jun 6, 2019 2:09:39 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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1 Best answer
Level 15
Jun 6, 2019 2:09:41 AM

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.

1 Replies
Level 15
Jun 6, 2019 2:09:41 AM

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.