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Deductions & credits
Taking money out of your Traditional IRA and putting it into a Roth IRA is * not* a non-taxable rollover - it is a taxable rollover *conversion* of before tax money in the Traditional IRA to after tax money in the Roth. To do that you must pay the deferred tax at the time of the conversion.
The 1040 form line 4b should show the taxable amount of the conversion. If the entire 1099-R box 1 amount then that will be on line 4b.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎February 9, 2021
9:06 AM