DanaB27
Expert Alumni

Retirement tax questions

1. Generally, you will find the value on your end-of-the-year statement. Please enter this value for the “Tell us the value of all of your traditional IRA accounts”. Yes, it can be normal that you do not get the question “Choose Not to Deduct IRA Contributions”. If you have a retirement plan at work and are over the income limit it will be nondeductible automatically and you only get a warning that it isn’t deductible because of your income and then a screen saying $0 is deductible

 

2. Yes, you will select b) I converted some or all of it to a Roth IRA, and then a) Yes, all of this money was converted to a Roth IRA.

 

 

 

 

@ VincentSun

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