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Roth Conversion - Amount to Enter
As an IRA-Roth Conversion, I withdrew $38,000 from my Traditional IRA to convert to a Roth IRA, but with $9,120 in Fed/State tax withholding. When entering the info into TurboTax, after entering all of the above, it goes to the next page and asks "How much of the $38,000" was converted to the Roth? As I said, I already input the details, but is the answer to this question $38,000 or $28,880 (IRA amount minus withholding) ?
March 20, 2022
12:06 PM