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Get your taxes done using TurboTax
Please be aware, you cannot rollover or convert a RMD. Therefore, if you indicated that all of your distribution was a RMD then the question for the conversion will not come up.
- 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)"
- 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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March 27, 2024
4:56 AM