Question

Error in Calculation of Taxable IRA rollover

Forum|Forum|5 years ago
March 3, 2021
1 reply
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CORRECTION/RE-EDIT:

The error was in my mis-interpretation of the questions and therefore giving a wrong answer.

I answered the question: 'I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)' as yes, which is true, but there is another question about ROTH IRA. When selecting the other ROTH question, it works fine. Perhaps 'other retirement account' should be reworded to clarify 'other IRA (non-Roth) account'? That might be more clear.

Sorry to waste anyone's time on my error.

TurboTax Premier Online

VolvoGirl

Employee

How much should it be? Because of Covid-19 you can spread the distribution over 3 years. So taxable 1/3 1/3 1/3. I don't know if that is your situation or if you can even pick that for a Roth conversion. @dmertz