I'm trying to evaluate the effect of converting a distribution from my Traditional IRA to my existing Roth IRA using the 2019 Desktop version of TurboTax.
- TurboTax Desktop Premier for 2019 taxes.
- 1099-R entered, Line 7 code is "7-Normal Distribution"
- The IRA/SEP/SIMPLE box is checked.
Am I doing this correctly?
- On screen "About This Retirement Account", "Was this withdrawal an RMD for 2019?" Check the bullet "No, None of this withdrawal was an RMD".
- On the screen "What did you do with the money" - Check the bullet "I converted all of this money to a Roth IRA Account"
Form 8606T now shows in the Forms view and seems to be correct.
Is this the correct way to do this?
