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Level 2
March 8, 2021
Question

1099-R Split

  • March 8, 2021
  • 1 reply
  • 0 views

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?

    1 reply

    Level 15
    March 8, 2021

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

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    ww_big_alAuthor
    Level 2
    March 8, 2021

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

    Level 15
    March 8, 2021

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

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