To verify, you didn’t make any contributions for 2021 and only converted funds from a traditional IRA to Roth IRA? If yes, then please verify that you did not enter anything in the IRA contribution section.
You will only enter your Form 1099-R and answer the follow-up questions. Please be aware, that if you only had pre-tax funds in the traditional IRA then this conversion will be taxable.
To enter the 1099-R conversion:
- Click on "Search" on the top right and type “1099-R”
- Click on “Jump to 1099-R”
- Click "Continue" and enter the information from your 1099-R
- Answer questions until you get to “Tell us if you moved the money through a rollover or conversion” and choose “I converted some or all of it to a Roth IRA”
- On the "Your 1099-R Entries" screen click "continue"
- Answer "yes" to "Any nondeductible Contributions to your IRA?" if you had any nondeductible contributions in prior years.
- Answer the questions about the basis from line 14 of your 2020 Form 8606 and the value of all traditional, SEP, and SIMPLE IRAs
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