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Conversion from traditional to Roth IRA in PA
How to answer PA Distribution type for a Roth Conversion 1099-R: Box 7 is 2, the “IRA/SEP/SIMPLE” box is checked, and all the other boxes are blank. All of the money from my traditional IRA transferred directly into my Roth. I am under 59.5 years old. From my search of the PA Dept of Revenue, it indicates that converting from a traditional IRA to Roth IRA should usually be non taxable however turbotax codes it as taxable.
March 30, 2021
1:40 PM