Hello all.
I am using TT2023 Premier desktop version.
I converted my regular IRA to Roth IRA. I got form 1099R. State and federal taxes was paid during the conversion. The entire amount was converted.
I expected to see the option in Turbo Tax to say that all IRA was converted to Roth IRA.
But this option does not exist.
The only option about conversion exists in saying that I did a combination of conversion, rollover and cashing out. And then I can enter the entire amount in a box designated for conversion to Roth IRA and put ZERO into rolled over box. Is it the right way to enter it in TT? Please let me know if it is OK or I need to do it differently.
Thanks.
