Personal Finance (Not Investing) • Rollover question using TurboTax

I did a rollover from a traditional to Roth IRA last year (both accounts from TIA). Very small amount ($2400).

I imported 1099-R form into TurboTax.

After I answered, "Was this Money Rolled Over to a Roth IRA?"
-Yes, this money was rolled over to a Roth IRA account.


On the next screen I got this.

"Check Your 1099-R"
-You have indicated that you rollover a traditional IRA into a Roth IRA with a Code "G" in box 7. If you converted a traditional IRA to a Roth IRA, your 1099-R should have a Code 1, 2 or 7. If your distribution is not from a traditional IRA, then the IRA box on your 1099-R should not be checked.


Select "Continue" to go back to review your 1099-R. If you entered your 1099-R as you received, we recommend that you contact the financial institution that issued the 1099-R so it can be corrected.



note: these items on the form
Box 2a Taxable Amount is 0.

Box 7: G-Direct rollover and rollover contribution
- Also the IRA/SEP/SIMPLE box is checked on my copy of the 1099-R under box 7



Please advise. Do I need to call TIA or just leave it as and continue? How do I trigger form 8606? The $1500 of $2400 was a non deductible contribution in 2019 which produced form 8606.

Statistics: Posted by svho — Wed Jan 22, 2025 2:56 pm — Replies 2 — Views 159

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