Sanichi 1
Level 2
04-21-2020
08:26 PM
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I have a client who withdrew $15,000 from his Roth IRA. He redeposited $10,000 within the 60 days. Where do I enter the $10,000 to show the rollover? Do I enter the $10,000 on the 1099R worksheet part 2?
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dkh
Level 15
04-21-2020
08:57 PM
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Lines B and C page 2 of 1099-R worksheet
Sanichi 1
Level 2
04-21-2020
09:08 PM
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Thank you so much for responding to my question. Am I correct that lines B1-B3 are for traditional IRAs. The instructions tell you to use lines B5 or B6 for an Roth IRA. I can't seem figure this out.
Sanichi 1
Level 2
04-21-2020
09:09 PM
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There is no line C.
dkh
Level 15
04-21-2020
09:57 PM
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If you have Roth IRA box checked on Line 7, it should fill in B4 with $15,000 then enter the $10,000 on B2. Your 1040 should then have correct amounts on 4c and 4d.
dkh
Level 15
04-21-2020
09:59 PM
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LOL --- go figure the form instructions say Line C but yet there isn't any
Sanichi 1
Level 2
04-23-2020
07:18 AM
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Thank You! It worked!