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Deductions & credits
To indicate that you made a qualified charitable donation AND converted part to a Roth IRA, please follow these steps:
STEP 1. To get a fresh start, delete the 199-R you've previously entered.
- Click on Federal > Wages & Income.
- Scroll down to the Retirement Plans and Social Security section and click on the Start/Revisit box next to IRA, 4701(k), Pension Plan Withdrawals (1099-R).
- You will see a screen Your 1099-R Entries. Click the Delete box next to the 1099-R you entered.
STEP 2. Enter the 1099-R
- On the Your 1099-R Entries screen click the box Add a 1099-R.
- Enter the information from the1099-R in the return. Make sure the IRA/SEP/SIMPLE box below box 7 is marked.
- On the screen, About this Retirement Account, mark the radio button, Yes some or all of this was an RMD.
- Below the grey line, mark the radio button that part of the distribution was an RMD and enter the amount of your RMD. [See Screenshot #1 below.]
- On the Transfer to Charity? screen, mark the radio button that part of the distribution was transferred to charity. [Screenshot #2]
- On the next screen, How much was sent to charity, enter the amount of the charitable contribution.
- On the screen, What Did You Do with the Money from this Payer? mark the radio button I moved the money to another retirement account [Screenshot #3]
- In the next section select I did a combination of rolling over, converting, etc.
- In the bottom section, enter the Amount converted to a Roth IRA account.
Screenshot #1
Screenshot #2
Screenshot #3
ā€ˇFebruary 24, 2021
2:10 PM