1099-R worksheet - how do I fill out B5-B8?

Forum|Forum|5 years ago
March 5, 2021
6 replies
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My client has a 1099-R - she rolled over a 401K from her old company to a traditional IRA. I filled out all of the information from the 1099-R into the 1099-R worksheet.

The entire 401K balance was distributed and rolled over to a traditional IRA.

B5 says "Full amount of Line B4 rolled or converted to a Roth IRA" - I am not checking that box because it was rolled over to a traditional IRA instead of a Roth.

B7 says "if box 7 code is G, check if in-plan Roth rollover to a designated Roth"; so box 7 code is indeed G, but she rolled it all over to a traditional IRA, so I am also not checking this box.

I am also ignoring B8 due to the fact that this is not rolled over to a Roth. So at this point, I think I have nothing more to fill out on the 1099-R worksheet, is that right?

ProSeries Professional

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Best answer by Just-Lisa-Now-

Thanks and I guess that would also negate the need to fill out Page 3 of that worksheet as well right? Where it talks about the simple method for distribution etc. Because the entire amount was rolled over that section (Page 3) is also now no longer relevant I think?

B1 should do everything you need...look at the front page of the 1040. Shows in the gross, but not in the taxable and shows the word Rollover on the line.