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Get your taxes done using TurboTax
Thank you for the reply.
The code in box 7 is a 7, so this is a taxable distribution. While my IRA custodian knows I rolled this distribution into a Roth, there doesn't *appear to be anything on the tax return (or in TurboTax) that indicates this money went into a Roth. It's as though I cashed out a pre-tax IRA, paid the tax, and now I can do what I want with the money. It's now mine to track, and the custodian will know and specify that all future distributions are non-taxable.
Thanks for your help... let me know if I got this wrong.
-JV
‎January 28, 2021
6:20 AM