TT Community,
My confusion from TT’s wording in the IRS section has continued for weeks. Let me explain.
- I converted some IRA funds to a Roth IRA in 2010. That’s the only time I did so.
- TT asked when the conversion took place so I checked the 2016 and prior box.
- Next TT asked for my Net Conversions 2016 and prior. I took distributions in 2019, 2020 and 2021. I understand the IRA and Roth distribution ordering rules. What confuses me is this question, Net Conversions 2016 and prior…Report Net Conversions to my Roth IRA that were taxable and non-taxable in 2016 and prior years. But the Learn More example covers 2019 and 2020. Should I ignore the learn more example and take the question literally…only reporting the distributions from 2016 and prior (there were none)?
Cheers and thanks, Gary
