@alaskanka wrote:
Same problem. Took $100k IRA distribution, $20k was converted to Roth IRA, rest was cashed out, 1/3 taxed in 2020, according to the CARES Act .
My version of TurboTax has some kind of error filling 1099R info, effectively not allowing to enter Roth conversion amount.
After multiple attempts I decided to treat the whole distribution as cash out, not mentioning Roth, cause it's how it is treated for the tax purposes.
TurboTax does not support doing two different things with a single 1099-R.
You need to break it into two 1099-R entries. One for the amount converted to the Roth and say it was not COVID related and was moved to another retirement account and converted to a Roth. The other was a COVID related distribution.
**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.**
