SL12345
Returning Member

How do I report converting money from Traditional IRA (pre-tax) to Roth IRA in turbotax?

Hello, I converted pre-tax 401k to the Traditional IRA in the year of 2022

I converted that money in a Traditional IRA into a Roth IRA in the year of 2023. How do I report it using turbotax desktop?

I intended to convert all the money from a Traditional IRA to Roth IRA, but found about 0.2 dollars is remaining by 12/21/2023 due to a late divide distribution, where do I report this amount?

I received a 1099-R and am aware I need to pay taxes, but wanted to make sure that I won't be charged for penalty.

 

Thanks!