dmertz
Level 15

Retirement tax questions

TurboTax handles these transactions properly.

 

The traditional IRA contribution and the Roth conversion are two separate transactions.  Each must be reported separately.  The nondeductible traditional IRA contribution must be reported on the Form 8606 for the year for which the traditional IRA contribution was made.  The Roth conversion must be reported on the Form 8606 for the year in which the the Roth conversion was done.