AnnetteB6
Expert Alumni

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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