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Retirement tax questions
I converted a traditional IRA to Roth in 2020. The box between lines 7 and 8 on the 1099-R is checked and when inputting the "check" into TURBOTAX, it treats the conversion as a non-taxable event thereby reducing my tax obligation.
Is the 1009-R form wrong, i.e. it should not have a check? Or TURBOTAX treating the conversion incorrectly?
‎January 30, 2021
5:29 AM