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February 19, 2025
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Should I answer "Yes" to turbotax question of did I make a Roth contribution? I did a Roth conversion.

  • February 19, 2025
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So, I did a Roth conversion and have reached the point in Turbotax where they ask if I made a Roth contribution. Should I say yeshere and they'll ask later if it wsa a conversion?
    Best answer by dmertz

    With respect to this deposit to your Roth IRA, answer No.  Nothing about this Roth conversion is to be reported under Deductions & Credits.  You would answer Yes only if you made a separate regular contribution to a Roth IRA.

    1 reply

    dmertzAnswer
    Employee
    February 19, 2025

    With respect to this deposit to your Roth IRA, answer No.  Nothing about this Roth conversion is to be reported under Deductions & Credits.  You would answer Yes only if you made a separate regular contribution to a Roth IRA.