Employee

Question

Trad IRA to Roth IRA conversion

Forum|Forum|7 years ago
February 24, 2019
1 reply
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How do I report a conversion from IRA to Roth IRA? I imported the 1099-R form which shows this as a taxable distribution, but how do I report that the distribution was a Roth conversion? Also, my financial institution says I need to complete Form 8606, but turbotax has not completed that form.

what code is in Box 7.

can you describe this situation a little more?

was this a 'back door' conversion from a Trad IRA to a Roth? Normally a conversion from a Trad IRA to a Roth is certainly taxable

why do you think it is non-taxable? .

I have a similar situation... I did a Ira to Roth conversion.

I just need to know, can Turbo Tax handle all of this with just the Deluxe package? Or will I need to upgrade to make sure it's received correctly?

Thanks for the help!

Use deluxe