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Get your taxes done using TurboTax
You had indicated in your question that you performed a backdoor Roth which would be a nondeductible traditional IRA contribution and then the conversion to Roth IRA. But if you only made a Roth conversion then the contribution part does not apply and you will only enter your Form 1099-R with the steps below. Yes, it will be fully taxable if you only had pre-tax contributions.
- Click "Federal Taxes" on the top and select "Wages & Income"
- Click "I'll choose what to work on"
- Scroll down and click "Start" next to "IRA, 401(k), Pension Plan (1099-R)"
- Answer "Yes" to the question "Did You Have Any of These Types of Income?"
- Click "I'll Type it Myself"
- Choose "Form 1099-R, Withdrawal of Money from 401(k) Retirement Plans, Pensions, IRAs, etc."
- Click "Continue" and enter the information from your 1099-R
- Answer questions until you get to “What Did You Do With The Money” and choose “I moved it to another retirement account”
- Then choose “I did a combination of rolling over, converting, or cashing out money.” and enter the amount next to "Amount converted to a Roth IRA account"
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April 12, 2023
8:39 AM