dmertz
Level 15

Retirement tax questions

If you converted from a traditional IRA to a Roth IRA and enter the Form 1099-R correctly, TurboTax will generate Form 8606 to report the conversion.

 

If the Form 1099-R from the payer has the IRA/SEP/SIMPLE box marked, make sure that you have marked this box on TurboTax's 1099-R form.  If the IRA/SEP/SIMPLE box on the Form 1099-R provided by the payer is not marked, the distribution was from a qualified retirement plan like a 401(k) , not from an IRA, and is not reportable on Form 8606.