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turbotax1
February 8, 2025
Question

"Did you move the money to a Roth IRA?" Only a portion was moved to ROTH IRA, the rest to traditional IRA. The amounts are wrong with either answer. How to split?

  • February 8, 2025
  • 1 reply
  • 0 views
My form 1099-R has a large amount on line 1 and a small amount on line 2 (taxable). The non-taxable and taxable seemed to be lumped together as a ROTH conversion or non-ROTH conversion depending on how I answer the above question.

    1 reply

    D
    dmertz
    Employee
    February 8, 2025

    What is the code in box 7 of the Form 1099-R?

    Is the IRA/SEP/SIMPLE box marked?

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