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Retirement tax questions
Split the one 1099R into 2 pseudo 1099Rs for input into TurboTax, First would be for the $6,000 Roth Conversion for 2020 following the steps in the Conversion link. The other enter as a normal and make sure the "Taxable Amount not Determined" box is checked. After you are back to the summary and continue. At the screen "Any non deductible contributions to IRA?"-Yes. Net Screen ask for "Total Basis"-$6000. That should wipe out the taxability of the 2019 Roth conversion.
ā€ˇFebruary 22, 2021
3:54 PM