We have a 1099-R. I've entered the info but it only asks if the money was rolled into a Roth IRA. It was rolled into a traditional IRA but I don't see any way to record

[mventre]

Entered the Code G in box 7.

[macuser_22]

Just answer NO - it was not rolled into a Roth.   There is no need to ask about a Traditional IRA since that is the only other possibility if not a Roth it is automatically a Traditional IRA.

[mventre]

Thanks!

[Curious-George1]

Answering NO - causes the amount to be TAXED - which is WRONG!

[macuser_22]

Why do you think it is wrong.   A code G rolled/converted to a Roth will almost always be taxable.

[suzanne2]

but it was not rolled into a ROTH.. I am having the same issue. Getting taxed on a rollover account where the destination account was a Qualified Plan, but not a ROTH. It only asks if it was rolled into a Roth IRA and nothing else.

[macuser_22]

@suzanne  - If it was NOT rolled to a Roth then as I said above, say NO to both Roth questions with a code G 1099-R.  It does not need to ask anything else  since it can ONLY be a Traditional IRA if not a Roth.

[suzanne2]

thank you..and when we answer no to the Roth question, we are taxed on the rollover amount.

[macuser_22]

Where do you see that.   The taxable amount would be on line 16b on the 1040 form (12b on 1040A) which should be zero or blank for a code G.   What in on line 16b on yiur 1040 form?

[PaulaM · Accepted solution]

The program asks if your rolled into a Roth IRA, because if you rolled a traditional IRA (or pre-tax employer retirement plans) into a Roth IRA, then you would be taxed on the amount that you previously received a tax benefit. 

If you entered your 1099-R form and rolled a traditional to traditional IRA, you good to go. To verify that the form is reflected properly on your return:

• Select My Account
• Tools
• View Tax Summary from the blue links
• Preview my 1040 in white space under My Account
• Scroll to line 16 a and b
• Total distribution should be listed on line 16a, the word ROLLOVER listed in 16b and 0 carried to the right of the word.

[mventre]

Perfect!  Thank you!

[PaulaM]

You are welcome 🙂