I converted $5K of my Traditional IRA to Roth in 2021. Received a 1099-R from financial company and no Federal Taxes were withheld. Having trouble answering the questions in TurboTax under retirement 1099-R. I answered that non was an RMD; none charity and am stuck on What did you do with the money. There are two questions on this page. Answering one way increases my Federal Tax Due and the other leaves it alone. I'm pretty sure that the conversion is a taxable event. Is that correct? Thanks for the help.
