YP55
Level 2

Retirement tax questions

 

Thanks. Interesting that if I enter $60K or $52K in amount converted to Roth IRA box, the Federal Tax does not change. Does it make sense? Maybe it’s better to enter $60K in this case. The only reason is that $60K number is present in boxes 1 and 2a on my 1099R, But $52K does not exist on a form at all– it’s just a result of subtraction from $60K federal and state taxes paid during the conversion.

Thanks again for your help.