DanaB27
Expert Alumni

Get your taxes done using TurboTax

Yes, if you paid the correct tax in the prior years and the taxable conversion was included on line 4b of Form 1040 then you only need to correct the Roth basis that TurboTax is tracking for you.

 

  1. Click on "Search" on the top right and type “IRA contributions” 
  2. Click on “Jump to IRA contributions"
  3. Select  "Roth IRA"
  4. On the "Did You Open a Roth IRA Before 2023?" answer "Yes"
  5. On the "Let Us Track Your Roth IRA Basis" screen answer "Yes"
  6. TurboTax will ask you follow-up questions in regard to net contributions and conversions.
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