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solomon-kathleen
New Member

My 1099 , box 5 has an amount for ROTH cont. when you ask if I made a contr. is this a yes?

I do not understand anything
2 Replies
macuser_22
Level 15

My 1099 , box 5 has an amount for ROTH cont. when you ask if I made a contr. is this a yes?

No.    The box 5 is NOT an IRA contribution.

 

Assuming that this as a designated Roth distribution then box 5 is your contributions to the 401(k) Roth at your employer.   It is NOT a Roth IRA.

 

If you are rolling it to an IRA then  keep track of the box 5 contributions that can be applied to the Roth IRA basis when  you take a distribution form the 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.**
dmertz
Level 15

My 1099 , box 5 has an amount for ROTH cont. when you ask if I made a contr. is this a yes?

What is the code in box 7 of this Form 1099-R?

What did you do with this distribution?

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