topic 1099-R in Retirement tax questions

1099-R

marvin331 — Mon, 09 Mar 2026 05:55:07 GMT

I moved some of my rollover IRA to a Roth IRA and also received some cash. TurboTax is asking if I moved all the money to either another retirement account or cashed out. Is moving money from a rollover IRA to a Roth IRA considered cashing out?

Re: 1099-R

AmyC — Thu, 17 Feb 2022 00:11:14 GMT

Yes. A rollover IRA means you took money from a pre-taxed company pension plan and rolled in into a Traditional IRA. Taking money out of a traditional IRA is a taxable event and all of the money would be taxable. If this is not your situation, what is it?

Re: 1099-R

dmertz — Thu, 17 Feb 2022 12:47:38 GMT

Answer that you moved the money to another retirement account, that you did a combination of rolling over, converting and cashing out, then enter the amount converted to Roth. TurboTax will treat the remainder as cashed out.