- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
I entered it wrong in Turbotax. I said it was a rollover. I should have said it was a conversion.
Line 4b on my original1040 is 0, not the amount of the conversion.
I went back through the entering of the 1099-R documents. In the original tax return, I did not check the box that said was this rolled or converted to a Roth IRA and the entire balance was converted. I changed where it said what did you do with the money to say it was a combination of rolling over, converting, or cashing out and then put the amount in the box for amount converted to an IRA account. I think this was what I did wrong because now when I look at the amended return, Line 4b is the amount taken out of the 457 account.
‎June 21, 2024
1:02 PM