qbteachmt
Level 15
03-17-2021
12:59 PM
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"why Form 8606 is not populated"
Once you fill in the 1099-R, you need to also indicate that this was converted and not simply kept as a distribution. Or, if the 1099-R code is Direct Transfer, that still means the sending entity might not code it as Conversion; they code it for the money Out, and not what is happening at the receiving end.
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Don't yell at us; we're volunteers