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Get your taxes done using TurboTax
the problem is, TurboTax may not prompt you based on the lines on the forms.
you have to answer the questions.
"Does the 1099R for our Roth Conversion count or not towards the 2020 distributions Turbo Tax is asking about here?"
No. a conversion is not included in the distributions reported on 8606 line 7.
if the value on Dec 31 was zero, enter zero.
distributions are a separate line item so I don't see why TurboTax would ask you to combine the two.
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Always print a copy of your completed tax return for your records, and review it carefully before e-Filing.
You will need it if you are audited by the IRS, or to amend if a TurboTax update changes your return or for any other reason,
AND, to find your AGI next year.
‎April 7, 2022
3:55 PM
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