1099r where is this distribution from?

[pipeclamp]

Hello, I made a partial ROTH conversion of $50,000.  I am over 59 1/2.  Prior to the conversion, in December of 2020, I completed an IRA rollover, out of a 457 B plan I held thru a former employer, and into a IRA held with Fidelity.  I then executed a partial ROTH conversion out of this rollover IRA, establishing a ROTH IRA.  Under this circumstance would I select "Current year conversion from a traditional IRA to a ROTH IRA".  I see nothing regarding 457B. That account account no longer exists anyway.

[DanaB27]

Just to verify you did a rollover from 457B to a traditional IRA and then later a conversion from the traditional IRA to the Roth IRA? 

Yes, for the 1099-R regarding the conversion from traditional IRA to Roth IRA you would select "Current year conversion from a traditional IRA to a ROTH IRA"

Did you get a second 1099-R for the rollover from the 457b to the traditional IRA?

[pipeclamp]

Answer to question 1; that is correctly stated and it was only partial conversion 

Answer to Question 2;
I received form 5498 from Fidelity for the rollover from 457b to new IRA. Fidelity was employer’s benefits administrator. So it was internally recategorized by Fidelity direct transfer of all positions held

[pipeclamp]

I would like to follow up on this same line of questioning.  The last screen in that section of the software, after working thru the previous screens one of which asks "was the recipient under 59 1/2," then the next screen asks "what happened with the money?"  Several statements (3) are presented. 

The full remaining amount, after paying the taxes, was converted to a ROTH IRA.  So under that scenario do I enter the full amount  withdrawn, ie....$50,000.00 or, do I enter the amount that was actually deposited into the account after the taxes were withheld, which was only $35,750.00?  

[DaveF1006]

Yes, if you received a 1099R for the transaction, you will enter $50,000 as the distribution received and then enter the taxes withheld in Box 4 of the 1099-R entry so you will receive credit for the income taxes paid in the transaction.