In 2023 I did a Roth IRA conversion by cashing out a portion of my IRA with federal and state tax withheld. Then I contributed all this money to a Roth IRA.
On Turbotax 2023, I found the following question confusing:
What did you do with the money from Charles Schwab? (my brokerage)
* You moved the money to another retirement account
* You did something else with it (cashed out, etc)
When I choose the first answer, on the next screen the following is stated: "You wont' have to pay tax on your $60,000 rollover". Strange! So where is the answer choice if I did a Roth IRA conversion? Looks like there is no other than to choose cashed out. And after that you are asked if you contributed the cashed out money to an HSA account. There is no obvious place where you are asked if you did a Roth IRA conversion.
Does anyone know if TurboTax actually asked that question, and if so, where?
