3637761
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

My 1099-R form has money rolled over to both Traditional and Roth IRA. But my Online Premier account doesn't give a choice to add only part of the money to Roth IRA.

How do I proceed? The question I have to answer in Turbotax online premier is if the whole amount is converted to Roth or not. But only a part of the amount is converted to Roth and rest is converted to traditional IRA.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

My 1099-R form has money rolled over to both Traditional and Roth IRA. But my Online Premier account doesn't give a choice to add only part of the money to Roth IRA.

To accommodate TurboTax's limitations on handling a code-G Form 1099-R that reports rollovers to both traditional and Roth IRAs, you must split the Form 1099-R into two, one for the portion rolled over to the traditional IRA and the other for the portion rolled over to the Roth IRA.  With no tax withholding, this splitting of the form will be transparent to the IRS.

View solution in original post

2 Replies
dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

My 1099-R form has money rolled over to both Traditional and Roth IRA. But my Online Premier account doesn't give a choice to add only part of the money to Roth IRA.

To accommodate TurboTax's limitations on handling a code-G Form 1099-R that reports rollovers to both traditional and Roth IRAs, you must split the Form 1099-R into two, one for the portion rolled over to the traditional IRA and the other for the portion rolled over to the Roth IRA.  With no tax withholding, this splitting of the form will be transparent to the IRS.

My 1099-R form has money rolled over to both Traditional and Roth IRA. But my Online Premier account doesn't give a choice to add only part of the money to Roth IRA.

Thanks for the information. 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question