See the IRS Instructions for Forms 1099-R and 5498 for details about what each distribution code means.

1. From within your TaxAct return (Online or Desktop), click Federal (on smaller devices, click in the top left corner of your screen, then click Federal).
2. Click the Retirement Plan Income dropdown, then click IRA, 401(k), and pension plan distributions (Form 1099-R).
3. Click + Add Form 1099-R to create a new copy of the form or click Edit to edit a form already created (desktop program: click Review instead of Edit).
4. Enter all the applicable fields, then click Save & Close.

To enter the information about the Roth conversion:

1. From within your TaxAct return (Online or Desktop), click Federal (on smaller devices, click in the top left corner of your screen, then click Federal).
2. Click the Retirement Plan Income dropdown, then click Taxpayer/Spouse Additional taxes on qualified plans (Form 5329).
3. Click Review on the "Early distributions from a retirement plan" row, then continue with the interview process to enter all of the appropriate information.
4. Click Federal again, then click the Retirement Plan Income dropdown, and choose Taxpayer/Spouse Nondeductible IRAs (Form 8606).
5. Continue with the interview process to enter your information, including when you reach the screen with fields for the year in which you converted to a Roth IRA, then enter amounts from Form 8606 for the applicable year.

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the webpage or document at the time it is accessed.