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Retirement tax questions
You need to enter a non-deductible traditional IRA contribution into TurboTax in addition to entering the Form 1099-R for the conversion to the ROTH IRA. You do this in the Deductions and Credits section of TurboTax and then Retirement Plans and Investment and then Traditional and Roth IRA contributions.
The conversion of your traditional IRA to the Roth IRA should not be taxable as you say. You can look on your Form 1040, line 4(b) to see if the distribution is showing as taxable.
You can view your form 1040 and schedules 1 to 3 while working in the online version of TurboTax by following these steps:
- Click on Tax Tools in the left menu bar
- Click on Tools
- Look under Other Helpful links….
- Choose View Tax Summary
- Look in the left menu bar and choose Preview my 1040
- Scroll down the page to see form 1040 and schedules 1 to 3
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April 6, 2023
7:14 PM