Yes, money earned from a part time job will qualify you to be able to contribute to a Roth IRA.
Please follow these steps to enter your 1099-R and conversion:
- Open your return
- Click on "Search" on the top right and type “1099-R”
- Click on “Jump to 1099-R” and enter your 1099-R as shown
- Answer questions until you get to “What Did You Do With The Money” and choose “I moved it to another retirement account”
- Then choose “I did a combination of rolling over, converting, or cashing out money.” and enter the amount next to "Amount converted to a Roth IRA account"
- Continue answering the questions in TurboTax
Be sure to enter a basis when asked if you had nondeductible contributions in your traditional IRA in the past.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
