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Retirement tax questions
To verify, was this a work retirement account (401k) to Roth IRA conversion? Please be aware that Form 8606 is only created when the funds are moved from a traditional IRA to Roth IRA (conversion). If this was indeed a conversion from a traditional IRA to Roth IRA then please verify that the IRA/SEP/SIMPLE box is checked with your Form 1099-R entry.
No, you do not enter a Roth IRA contribution when you made a conversion. You only enter direct contributions.
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‎February 18, 2023
11:01 AM