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Level 2
posted Mar 8, 2021 7:59:20 AM

1099-R Split

Code C: (Current year conversion from IRA to Roth IRA)

I am working on the 1099-R section of the federal return. I do not understand how to fill this out. The 1099-R shows $50K removed form the IRA. $20K went into a savings account. $30K was conversion into a Roth. What do I put down for Michigan conversion amount? 20K, 30K or 50K?

0 3 565
3 Replies
Expert Alumni
Mar 8, 2021 8:22:47 AM

Please enter $50,000 as the MI distribution amount and 30,000 as the MI conversion amount.

Level 2
Mar 8, 2021 10:33:51 AM

But there is only one line to to enter the distribution value on.

Expert Alumni
Mar 8, 2021 10:44:04 AM

Please enter $50,000 as the MI distribution amount.