When you move convert Traditional IRA money into a Roth IRA, that money is taxable. A Traditional IRA rollover is not taxable if completed within 60 days.
Please see the following information:
- Edit your 1099-R
- Continue with the onscreen interview until you get to the Tell us if you moved the money through a rollover or conversion screen. Select I did a combination of rollover over and converting some or all of this money and Continue.
- On the Separate your rollover and conversion screen, TurboTax will inform you that Rollovers and conversions need to be treated as separate transactions in TurboTax in order for them to be reported accurately.
- First, remove this 1099-R so you can report separate transactions.
- Then, split your 1099-R into two 1099-Rs, one for rollover and one for the conversion.
- Allocate the numbers on your actual 1099-R between the two new 1099-Rs so that the combined total of them equals the amount on your original 1099-R.
- Once you've entered two separate 1099-Rs you can indicate the amount that you rolled over or converted for each one.
- Continue with the onscreen interview until complete.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
