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New Member
posted Feb 27, 2022 6:41:32 PM

How do I report a 1099R IRA traditional to a 1099R roth? Total amount was rolled over and converted within 60 days

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2 Replies
Expert Alumni
Feb 28, 2022 5:00:37 AM

If you rolled it over yourself, within the 60 days, you should have received a a1099-R. Enter the form in the Retirement section in Wages and Income. Enter it under 1099-R.

 

As you progress through the interview screen you will be asked what you did with the money. Indicate that you put it in a Roth. You will be taxed on the conversion.

 

 

 

 

Expert Alumni
Feb 28, 2022 8:13:32 AM

You asked about the taxability. Yes, if you roll amounts from a traditional IRA to a Roth IRA, those amounts are taxable. You had two 1099-Rs. It is taxable since your rolled pretax money into an after tax account.