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Get your taxes done using TurboTax
You will receive a Form 1099-R reporting the distribution from your Traditional IRA. After you enter the Form 1099-R, there will be follow-up questions to answer that will indicate that the distribution was rolled over to a Roth IRA.
Then, after you have finished entering any other Form 1099-R that you may have received, there will be yet other follow-up questions to answer. One of these will ask if you made non-deductible contributions to your Traditional IRA. You can answer 'yes' and enter the basis of your Traditional IRA account(s). This will allow TurboTax to calculate what portion of the rolled-over distribution will be taxable. So, be sure to have the non-deductible contribution amounts handy when you are working on your return for 2021.
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