No, you don't enter the $7000 Roth conversion as a Roth contribution. You just enter the 1099-R that you get for the conversion and answer the follow up questions.
To review your 1009-R for this conversion:
- Open your return.
- Select Federal, then Wages & Income.
- Scroll down to IRA, 401(k), Pension Plan Withdrawals (1099-R), under Retirement Plans and Social Security, select Start or Revisit to the right.
- Continue through the screens. When you get to Tell us if you moved the money through a rollover or conversion, select I converted some or all of it to a Roth IRA.
- Answer the remaining questions in the section according to your situation.
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