1099-R: More than one Source

Forum|Forum|1 year ago
January 31, 2025
1 reply
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When entering my 1099-R, I get to the screen "Where is this distribution from"

Select the source of this distribution and enter any other <my state> information

TT gives me five choices. TT lets me select only one.

But this 1099-R has money for two items

- Current year conversion from a traditional IRA to a Roth IRA

- Other qualified IRA distributions.

Some money was a Roth conversion.

Some money was a normal distribution to my bank checking account.

Seems like I should enter both amounts.

Or do I enter only one of the two. If so, which amount, and button do I select?

DanaB27

You can split the Form 1099-R and enter two Form 1099-R, one for the conversion (select "Current year conversion from a traditional IRA to a Roth IRA") and one for the distribution (select "Other qualified IRA distributions"). As long as the total and distributions codes match entering it like this will not cause a problem.

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