I have a 1099R for a IRA to Roth IRA conversion I did (backdoor roth method). This was not inherited, it was 100% my own funds (other than a little growth from the funds time as an IRA). I get to the final step of adding the 1099R where it says:
"Did you convert all of this $$$$$$$ (Box 1) to a Roth IRA? Because $0.00 was withheld in taxes, you should only select Yes if you actually converted $$$$$$$ using $0.00 of your own money.
- Yes, all of this money was converted to a Roth IRA
- No, I converted less than $$$$$$$
- I didn't convert any of the money"
This seems.... wrong. Saying "Yes" only if I converted it with ZERO of my own money does not seem right. Can someone confirm this is an error or explain why it works this way?
Thanks!
