rollover to roth

[gman]

Is there any place on the 1099 to show that Traditional IRA was rolled over to Roth and not taxable this year. Any distribution codes.... or just take taxpayers word???

[taxmom34]

it would be taxable wouldn't it if it was rolled over to a Roth. unless the traditional IRA was a nondeductible.

[Possi]

8606

If they rolled it over and it qualifies to be taxed over the next two years, it goes on the 8606. Mine landed on page 2, and Taxwise allowed me to enter it on the 1099R that fed into the 8606 for further data entry.
The distribution code was 2 on my 1099R.

[BP.]

not taxable this year

That's the default treatment when you enter the conversion 1099-R, and then the amounts taxable in 2011 & 2012 appear where possi said.

[taxitc]

taxmom34-Was your question answered? If within the same year --2010--A non-deductible
contribution was made in Jan. 2010 and two months later converted to a ROTH, even though a 1099-R was cut for the distribution, NO tax is wanted to be paid in 2010 or split between 2011 and 2012. Can this be permitted and done somehow?.

[Burke]

Yes. You still need to fill out 8606. Bottom of page 1, show basis and everything goes to zero.