@AaroniusLee wrote:
Box 7: G
Box 2a: 0.00
Since the ESOP dollars are pre-tax, and Roth dollars are post-tax, we understand this needs to be reported as income but don't know where to include it.
Your 1099-R says that it was a direct rollover to a Traditional IRA and is not taxable.
If you received a check to deposit then it should have been made out to your Traditional IRA and not a Roth.
The IRA custodian should never have put it in Roth. Either that, or the ESOP custodian did not understand that you wanted to to be in a Roth IRA.
It is doubtful that the ESOP custodian will issue a corrected 1099-R at this late date but you should ask them first.
You can delete that 1099-R and enter a "Substitute" 1099-R (there is a substitute choice on the 1099-R type screen). Enter exactally as your 1099-R is but put the same amount as box 1 minus any amount in box 5 amount into box 2a Fill out the required statement that you are using a substitute to change the box 2a amount because the money was actually rolled to a Roth IRA and not a Traditional IRA.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
