dmertz
Level 15

Retirement tax questions

For a Roth conversion from a traditional IRA you must indicate that you moved the money to another retirement account, that you did a combination of rolling over, converting and cashing out, then enter the amount converted to Roth.

 

If this was a rollover from a traditional account in a qualified retirement plan (401(a), 401(k), 403(b), governmental 457(b) or the federal TSP) to a Roth IRA, nothing of this is to be reported on Form 8606.  Form 8606 is only used for reporting nondeductible traditional IRA contributions and certain distributions IRAs.