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Hi, 1099-R taxable income 2a has amount even though it was a roth conversion
Hi,
I have been reading that there has been some mistake with 1099-R and CARES act etc. I did a few traditional IRA to roth conversions in 2020, and I got 2 1099-R, one of them with $2000 or so as taxable income (box 2a). I did not take a distribution this was a conversion, but when I enter this information turbotax adds money to the tax I owe. How do I notify turbotax or change it so I do not get taxed for this conversion?
Thank you
March 2, 2021
11:40 AM