First time distribution with part of it being ROTH

[Jim Chad]

Has anyone done a distribution where part of it was ROTH?

If they roll it over, (and presently have no where to roll it to)do they have to set up a traditional IRA and a Roth IRA?

Should the money be sent as two checks?

I remember that I am required to report basis to new IRA within a short time. Is there a specific IRS form for that?

What Am I missing?

[K2retire]

We generally do 2 checks because Roth money cannot be rolled to a traditional IRA. Now that pre-tax money can be rolled to a Roth IRA, it might be possible to do one check for that situation, but we choose not to for purposes of basis reporting. Our check stub includes the Roth basis amount, and maybe also the Roth start date, although I'm less certain about that.