- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
When entering the conversion 1099-R, what should I choose for this option?
1) I moved the money to another retirement account (or returned it to the same retirement account).
2) I did something else with it (cashed out, etc.).
If option 1), which subsequent option should I pick?
A) I rolled over all of this money to another traditional IRA or other retirement account (or returned it to the same account).
B) I did a combination of rolling over, converting, or cashing out the money.
And if option B), another two choices:
C) Amount rolled over to another (or back to the same retirement account
D) Amount converted to a Roth IRA account
I don't seem to be able to get TurboTax to tax only the $400 on it. It appears with the choices I have, it either taxes the entire $7,400 or nothing at all.