To clarify, you moved money from a traditional IRA to your Roth IRA?
If yes then this is called a conversion and the amount will be taxable unless you had a basis (nondeductible contributions) in the traditional IRA that was tracked on Form 8606.
Please enter the 1099-R like this:
- Login to your TurboTax Account
- Click on "Search" on the top right and type “1099-R”
- Click on “Jump to 1099-R”
- Click "Continue" and enter the information from your 1099-R
- Answer questions until you get to “Tell us if you moved the money through a rollover or conversion” and choose “I converted some or all of it to a Roth IRA”
If you had a basis that was tracked on Form 8606 then answer "yes" to "Any nondeductible Contributions to your IRA?" answer the questions about the basis.
If this does not answer your question then please provide more details. What is the code in box 7? IRA/SEP/SIMPLE box checked? Amounts in box 1 and 2a?
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