dascpa
Level 12
03-21-2022
08:04 PM
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You cannot "rollover" a Traditional IRA, 401(k), etc. into a Roth. You can convert it to a Roth. Big difference.
There was no 2020 Roth conversion. The conversion happened in 2021 and you report it as such. The investment house should have issued a 2021 1099-R for the conversion but I've seen some not do it when it's internal. In that case use the investment house data from the 2020 1099-R and create your own 2021 1099-R and then on page 2, box B5 of the 1099-R Worksheet mark that the entire amount was converted to a Roth.