Form 1099-R IRA conversions to a Roth IRA
For IRA conversions to a Roth IRA, report the total amount converted in
box 1
and box 2a
. For a Roth conversion, use code 2
in box 7
if the participant is under age 59 1/2, or code 7
if the participant is at least 59 1/2. Don't use code J
. Also, enter X
in the IRA/SEP/SIMPLE
checkbox in box 7
.Refer to the instructions for Forms 1099-R, 5498, and 8606, as well as IRS Publications 590-A and 590-B for precise reporting guidelines. For additional details about Roth IRA distributions, contributions, and recharacterizations, refer to IRS Notices 98-50 and 1998-39 I.R.B.
