macuser_22
Level 15
Level 15

Retirement tax questions

The $100,000 is NOT a contribution.  It is a rollover/conversion and is ONLY entered with the 1099-R as I said above.

Assuming that the  total 2020 years end balance in the Traditional IRA was zero, this is what it should look like.

 

Screen Shot 2021-03-26 at 9.16.23 AM.jpgScreen Shot 2021-03-26 at 9.16.56 AM.jpgScreen Shot 2021-03-26 at 9.17.07 AM.jpgScreen Shot 2021-03-26 at 9.18.49 AM.jpgScreen Shot 2021-03-26 at 9.19.22 AM.jpg

 

 

**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.**
‎March 26, 2021 9:22 AM
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