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Get your taxes done using TurboTax
After you enter the 1099-R information, you will answer a few follow-up questions (this will be after you see the 1099-R Summary). Look for the screen below where you can indicate the ROTH conversion.
You have a conversion when you move assets held in a non-Roth IRA (traditional IRA, SEP IRA, or SIMPLE IRA) to a Roth IRA. It’s called a conversion because you are moving the money from a pre-tax account to an after-tax account. When you convert to a Roth IRA, you pay tax on the taxable portion of your distribution.
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February 21, 2022
8:22 PM