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Retirement tax questions
If you're using TurboTax software and it's denying your eligibility to get this credit despite qualifying for it, make sure to fill out the retirement section that asks for your IRA contributions before trying to get this credit. Otherwise it will tell you that you don't qualify, instead of asking whether you had IRA contributions and asking you to fill that out.
The fact that a conversion is technically considered a "distribution" despite not distributing funds out of the accounts, and possibly because it generates a 1099-R, can generate some confusion here. I thought the TurboTax software was mistaking my roth rollover/conversion for a distribution at first, but once I added my IRA contributions, the credit was applied.
‎April 29, 2020
8:47 AM