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TSP to Roth IRA Conversion Question
My mother took her required TSP RMD in 2023 which we reported as income for 2023 easily in TurboTax 2023. However, we also took out an extra $7500 from her TSP, which she received a check for (made out to Vanguard) which she immediately sent within 60 days to Vanguard to convert to a Roth IRA. As I understand, this counts as a CONVERSION, and not a ROLLOVER or CONTRIBUTION, because it was initially a pretax TSP contribution which is now being CONVERTED to a Roth IRA, which is a taxable event. But I am unclear where we should document this in Turbo Tax 2023 Deluxe? I'm having trouble finding out how to document this, as this seems a bit different from backdoor Roth IRAs, which I have done before.
‎April 4, 2024
11:02 PM