How are conversions from traditional IRA to Roth IRA reported on 5498

By Guest BLRyan
February 22, 1999 in IRAs and Roth IRAs

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I understand 5498 and 1099R reporting is changing from 1998 to 1999 for Roth conversions . . .

If I convert my traditional IRA to a Roth in 1999, is the conversion amount reported as a contribution or rollover on the 5498 for the Roth?

Is the conversion amount reported as a regular withdrawal on the 1099R for the traditional IRA.

Does anyone know what the new forms will look like?

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