@mollymutt wrote:
I converted $20,000 to a Roth. I know that I owe taxes on the amount. It was a 401K put into an IRA and then converted. Turbo Tax is telling me that I don't owe taxes on that amount, even though I "moved the money" and "did a combination of things" and then entered the conversion amount in the lower box. It is taxable, I know it.
If you did it that way then the taxable amount should be on the 1040 form line 4b. What is on 4b?
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
