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IRA Conversion to Roth
I am of retirement age. In 2023, I moved money from IRA to Roth. I understand I need to pay taxes but don't know how to answer the Turbo question - What Did You Do With The Money from IRA? There are 2 options
1) l moved the money to another retirement account (or returned it to the same retirement account).
2) l did something else with it (cashed out, etc.).
Which answer is correct? I was issued a 1099-R for this transaction.
‎February 25, 2024
9:38 AM