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Retirement tax questions
No, you do not enter the amount under contribution if you converted the money to a Roth IRA within 60 days after withdrawing it.
Please follow these steps to report it:
- Login to your TurboTax Account
- Click on "Search" on the top right and type “1099-R”
- Click on “Jump to 1099-R”
- Click "Continue" and enter the information from your 1099-R
- Answer questions until you get to “What Did You Do With The Money” and choose “I moved it to another retirement account”
- Then choose “I did a combination of rolling over, converting, or cashing out money.” and enter the amount next to "Amount converted to a Roth IRA account"
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May 17, 2021
3:10 PM
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