box 1 Gross Distribution - $11,000
Box 2a Taxable Amount - $11,000
Box 2b Taxable amount not determined - Checked.
5,500 of that is 2016,and 5,500 is 2017. Is this 1099-R just wrong, or is there some way for me to mark half of this as 2016? If I put $11,000 for 2017 donation it fixes the math but says I'll pay a penalty for excess contribution.
If the Traditional IRA amount was from contributions of pre-tax dollars, then the conversion to a Roth IRA which is made up of after tax dollars will be taxed at your normal income tax rate. The the distributions taken in later years will be tax free withdrawals.
If you find that your tax is going to be more than you can cover, then you could get in touch with your plan custodian and request a recharacterization of the full amount or partial amount.