718838
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

On a 1099r form what does amount allocable to irr within 5 years mean

 
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 Reply
Karen1209
New Member

On a 1099r form what does amount allocable to irr within 5 years mean

An IRR is an In-Plan Roth Rollover and represents the amount that can be rolled over into a Roth within 5 years.  

See the IRS definition below:

  • An IRR is a rollover within a retirement plan to a designated Roth account in the same plan. 

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