jvesterby
New Member

Need help figuring out taxable and non-taxable portions of IRA conversion to a Roth IRA

In years 2013 and prior, I've converted a total of $20,000 from a traditional IRA to a Roth IRA.  The money was taxed at the time of the conversion. I also did contributions of after tax money that totaled $4,400 prior to 2013 to the Roth IRA.    In year 2014, I converted $5,644 more from the traditional IRA to the Roth IRA (closing out the traditional IRA).  The money was taxed at the time of the conversion.  TurboTax was pretty clear about how to enter the info from 2013 and prior.  But now I'm at the screen where it tells me to report net conversions that were taxable and non-taxable for the $5,644 conversion I did, which confuses me. I should also mention that in 2018, I took out $10,000 from this Roth IRA.  So what should I put in the taxable and non-taxable part on this screen in TurboTax for the $5,644 I converted in 2014?