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Level 1
posted Feb 9, 2025 6:34:51 PM

When I entered 1099R , I was asked "Did you move the money to a Roth IRA?" I moved partial of the fund to a Roth IRA, if I say yes, it counts all taxable.

If I say no, all is not taxed. Even though 2a has a taxable amount.

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1 Best answer
Level 15
Feb 10, 2025 5:10:34 AM

To accommodate TurboTax, you must split the Form 1099-R into two, one for the portion rolled over to the Roth IRA and the other for the portion that you presumably rolled over to a traditional IRA.  Any after-tax amount shown in box 5 is to be allocated first to the split form for the rollover to the Roth IRA and then, if any remains to the other form.

3 Replies
Level 15
Feb 9, 2025 6:39:03 PM

What did you do with the other part?  You may need to split up the 1099R and enter two 1099R for it.  What code is in box 7?  

Level 1
Feb 9, 2025 9:26:51 PM

Taxable part was rolled over to a Roth IRA, non taxable part was rolled over to a traditional IRA. The distribution code is G.

Level 15
Feb 10, 2025 5:10:34 AM

To accommodate TurboTax, you must split the Form 1099-R into two, one for the portion rolled over to the Roth IRA and the other for the portion that you presumably rolled over to a traditional IRA.  Any after-tax amount shown in box 5 is to be allocated first to the split form for the rollover to the Roth IRA and then, if any remains to the other form.