For 2010 Tax Year: 1099-R Rollover of Retirement Plan to Traditional IRA With After-Tax Contributions
If you have a qualified retirement plan that has been rolled over into a traditional IRA and there is an amount in box 5 of the Form 1099-R, TurboTax for tax year 2010 does not currently ask for after tax contributions for reporting your basis on Form 8606, line 2.
Who does this affect?
This will impact those in the following scenario:
- You rolled over a qualified retirement plan into a traditional IRA.
- You have an amount in box 5 for Form 1099-R
- Your are reporting code 1,2, 7 or G in box 7 of Form 1099-R
- You have after tax contributions