Hello! How do I separate my rollover and conversion into two 1099-R's? How do I know which is the rollover and which is the conversion?I've only received one 1099-R

[opalescent18]

I've seen posts where people receive two 1099-R's and I just have the one...

[DianeW777]

It depends.  If you have the same financial institution it's possible they would issue only one Form 1099-R. You should wait on your plan administrator (financial institution) to send the necessary forms.  The deadline is the end of January so it's a little early to know if another form will be coming for you.

Contact the plan administrator to inquire before trying to complete your return.  There are many codes that are used in box 7 of the Form 1099-R that provide the detail of what the distribution is for.  This article may be helpful for you when entering the codes.

• What do all the codes in box 7, Form 1099-R mean?

Do NOT alter the Form 1099-R when you complete your return. It should be entered exactly as it appears.

[Edited: 01/21/2022 | 8:55a PST]

[opalescent18]

Thanks for responding! My box 7 has number 1 filled in and my IRA/SEP/SIMPLE is blank too. I withdrew the money due to qualified disasters happening. Then it asks me the question to see "if you moved the money through a rollover or conversion". I had the money deposited directly in my bank account. Then it says to separate my rollover and conversion as separate transactions.  But how do I know which is which. I'm kinda lost. 

[MarilynG1]

If you took a disaster distribution and had the funds deposited into your bank account, you did not do a 'rollover' or 'conversion'.  Check the appropriate box.

You will only have one 1099-R to enter.

After you enter your 1099-R you will be asked if this was a 'disaster-related distribution'.  

If you withdrew the funds in 2021, the deferred income reporting option is not available, as it was in 2020. 

Click this link for more info on Form 1099-R.