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Get your taxes done using TurboTax
I also converted from a traditional to a Roth IRA, and my financial institution also incorrectly put G in box 7. I changed the code in turbotax to 7 (since I am over 59-1/2). When I did that, Turbotax treated the money as taxable for federal, which is correct, but it also treated it as taxable for Pennsylvania, which is NOT correct: the amount converted is NOT taxable in Pennsylvania. I tried putting in a code 2, and then Turbotax treated everything correctly: taxable for federal, not taxable for Pennsylvania. But code 2 is for people under 59-1/2, which I'm not. Turbotax should have the same Pennsylvania treatment for code 2 as it has for code 7, but it doesn't. How do I convince Turbotax that this conversion is not taxable in PA?
March 2, 2025
10:33 AM