I have been retired since 2016, I had a small Roth IRA prior to last year when I did a conversion from my traditional IRA to the Roth IRA account.
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After I imported the 1099-R, TurboTax is asking:
Option 1>it is a contribution that my employer made to Roth SIMPLE
Option 2 >it is a contribution that my employer made to a Roth SEP account.
Optin 3> or NO.
(I indicated NO), as the money came from my traditional IRA account.
Is this correct in you'll opinion, even if the money came from a traditional IRA which it was created during my employment years?
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Then TurboTax asks if "I inherit the IRA from my broker"
I indicated NO. as the Roth IRA account was opened by me, not inherited, is this correct in you'll opinion?
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Then TurboTax asks:
What did you do with the money from (broker's name):
option 1 >> I moved the money to another retirement account (or returned it to the same retirement account)
option 2 >> I did something else with it (cashed out. etc.)
Question: Would it be option 1 as it moved from traditional to IRA? yes?
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Then turbo tax asks: Chose which of the following applies:
Option 1 >> I rolled over all of this money.
Option 2 >> I did a combination of rolling over, converting or cashing out the money).
Question: I am not sure if it is considered a rolled over or a combination as I did a conversion.
Thanks a lot for any input that you may have.
