Hi MacUser22,
Yes, I did tired both ways you said.
however, from the StepByStep:
Federal Taxes,
Wages & Income
(I'll choose what I work on - if that screen comes up)
Retirement Plans & Social Security,
IRA, 401(k), Pension Plan Withdrawals (1099-R).
I created a new 1099-R and entered the information similar to that I received from my financial institute where I did the conversion.
I entered box 1, $2000, Box 2, taxable amount is not determined. Box 7, normal distribution. Checked the box of "IRA/SEP..." and most other boxes are empty.
next, the important page, as you showed me on your first reply: "what did you do with the money:
I chose "a combination of roll over, converting....
and chose "Money converted to ROTH account, $2000.
There is no more interview, but went to ask "Did the money enter into HSA", or "did the withdraw qualify for disaster distribution. " Both answers were no. Then the form creation was finished and returned to the page that shows all the 1099-R forms I have created.
That's it! I did not see anywhere asking for :if you had and tracked non-deductible contributions!
I also tried to use I need to "create a substitute 1099-R". The process was the same.
I have created 3 new 1099-R but all went through the same process and none of them got into the 8606 form.
I tried to use "form" and created a new 8606 form. But I do not know how to file it. It does not have a row that let me enter the 300 previously tracked non-deductible contribution, and no where instructed me to calculate the taxable percentage based on the total contribution and the non-deductible contribution.
Thanks for your help. I have been using TurboTax for so many year. I thought I was pretty much an expert myself. But I do not know it anymore!
