I have a 1099-R from my 401k distribution; part of which I rolled into a Roth IRA and part of which I rolled into a traditional IRA. How do you split these 2 amounts?

[pbmcgrath]

The question only ask if I transferred to a roth IRA, there appears to be no option to incites the split -- even though gross amount and taxable amount show correctly on the 1099-R

[MinhT1 · Accepted solution]

Your form1099-R reports both a rollover to a Traditional IRA and a conversion to a Roth IRA.

In TurboTax Online, on the page titled Tell us if you moved the money through a rollover or conversion, check I did a combination of rolling over and converting some or all of this money.

You will then be given the following instructions:

Rollovers and conversions need to be treated as separate transactions in TurboTax to report them accurately.

Here's what you need to do next:

1. First, we'll remove this 1099-R so you can report separate transactions.
2. Then, split your 1099-R into two 1099-Rs, one for rollover and one for the conversion.
3. Allocate the numbers on your actual 1099-R between the two new 1099-Rs so that the combined total of them equals the amount on your original 1099-R.
4. Once you've entered two separate 1099-Rs you can indicate the amount that you rolled over or converted for each one.