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jmbuzz855
New Member

529 to Roth Rollover

I was also told by my tax acct not to report the 1099Q transfer amount and the reason is that the IRS did not update the 1099 Q form for 2024  in time to include in your taxes. They have updated the form for 2025 now (https://www.irs.gov/instructions/i1099q) so Box 4 now has two checkboxes, 4a to report trustee-to-trustee transfers and 4b to report a QTP to a Roth IRA transfer (4b is the new one).  So workaround for 2024 is to not report it. I was told by Turbotax auditor in February that they did not update their software to cover this because the IRS did not update the form for 2024 but Turbotax might work on a program update but that has not happened in time for your 2024 filing deadline.

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