JulieS
Expert Alumni

Get your taxes done using TurboTax

No elaborate work around is required to report the rollover from a traditional IRA to a Roth IRA. 

 

Here is the process:

 

  1. Select Federal from the left side menu.
  2. Select Wages & Income
  3. Expand the list and scroll down to Retirement Plans and Social Security.
  4. Expand the section and click Start to the right of IRA, 401(k), Pension Plan Withdrawals (1099-R). 
  5. Follow the steps to import or enter your 1099-R.
  6. Watch for the screen titled, "Tell us if you moved the money through a rollover or conversion" 
  7. Pick the second answer, "I converted some or all of it to a Roth IRA."
  8. On the next screen you can indicate a complete or partial rollover.
  9. Continue through the end of this section.  

If you have non-deductible IRA contributions, you also need to enter your IRA basis in the program to get a correct calculation.

 

  1. Select Federal from the left side menu.
  2. Select Deductions and Credits. 
  3. Expand the list and scroll down to Retirement and Investments.
  4. Expand the section and click Start to the right of Traditional and Roth IRA Contributions.
  5. Check the type of IRA accounts you have and then answer the questions about contributions. 
  6. Keep going until you complete the section. 
     
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