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Author: TMFExRO Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121572  
Subject: Re: Tax Info Help, Please! Date: 1/24/2001 10:11 PM
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My question is twofold and it is for my brother. He is doing his taxes on HD Vest. He was sent 2 - 1099 R forms from the IRS. One of those was from his wife's 403b rollover to a Roth IRA. Another one was from a job switch where he had a 403b with Fidelity, but because he switched school districts, he had to fill out another 403b rollover to his current job still under Fidelity. It says on both the amount of rollover and under box 4 it has no fed taxes withheld. It tells him on those 1099 R forms to report those amounts on his tax forms. So, my question might have been already been answered by me, but he does need to put that somewhere on his return, correct?

As JAFO mentioned, you can't go directly from a retirement plan to a Roth IRA, so I imagine there will be at least one more 1099-R making its way to your brother's house.

Rollovers from retirement plans to traditional IRAs and those rollovers from one plan to another that produce 1099-R's are reported on line 16 of the 1040. You show the gross amount in 16a, zero in 16b, and write "rollover" next to 16b. This is all in the instructions for line 16.

The conversion from traditional to Roth IRA is reported on Form 8606, Part II. The bottom line of that form will direct you to line 15 of the 1040. Check those instructions also.

TMF ExRO
Phil Marti
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