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Partial Roth Conversion
I had 80k in a Personal IRA with both Deductible/non-deductible contributions
I converted 40K of which only 22k is Taxable .
I received a 1099-R from the brokerage house with the following
Box1 - 40k
Box 2 - Taxable amount 40k
Box 2b Taxable amount not determined is Checked
Box 7 distribution code - 7 / IRA checked
The taxable portion is only around 22k and TURBOTAX does not allow me to input this.
Can someone help
March 8, 2025
8:42 AM