Which line on Form 1040 to enter amount of 403(b) => Roth IRA?

Home Fairmark Forum Retirement Savings and Benefits Which line on Form 1040 to enter amount of 403(b) => Roth IRA?

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  • #76204
    thales
    Participant

    I had a rollover / Roth conversion from my tax-deferred 403(b) (TIAA) to my Roth IRA last year.

    1) I understand it will be taxed, but where (which line) do I enter this amount on the Form 1040? Or do I need an additional form–if so, which form?

    2) Does such rollover/conversion count toward the income limit for Roth IRA contribution?

    #76363
    Alan S.
    Participant

    1) No additional form needed – report the 1099R on line 5a of Form 1040 with the taxable amount on 5b. Enter “rollover” next to 5b.

    2) No. Determination of your MAGI for Roth contribution purposes does not count this Roth rollover. It is subtracted from your AGI for Roth regular contribution purposes.

    #76364
    thales
    Participant

    Thank you very much, Alan. That’s good to know.
    (this is related to something you helped me with earlier: https://fairmark.com/forum/topic/403b-roth-ira-after-age-59-1-2/)
    Happy New Year!

    #77372
    Diane silva
    Participant

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    #77380
    Emmasigh
    Participant

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    • This reply was modified 3 days, 10 hours ago by Emmasigh.
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