DanaB27
Expert Alumni

Retirement tax questions

It seems you only entered $5,000 as converted therefore TurboTax assumes that $200 were cash withdraws. Did you have $200 taxes withheld in box 4? If you didn't replace the $200 withheld taxes with other funds then you converted only $5,000.

 

Please review your entries:

 

  1. Click on "Search" on the top right and type “1099-R”  
  2. Click on “Jump to 1099-R”
  3. Click "Continue" and enter the information from your 1099-R
  4. Answer questions until you get to “Tell us if you moved the money through a rollover or conversion” and choose “I converted some or all of it to a Roth IRA
  5. On the "Did you convert the gross amount of $xxxx (Box 1) to a Roth IRA?" screen review your selection.

 

@gg96 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"