- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
hi there, I have same issue discussed here for my 2023 tax return.
In my case, when i import, my IRA/SEP/SIMPLE box is automatically checked. I am following everything exactly described in your steps but end up getting taxes on Roth conversion.
i deleted everything several times and followed the below steps -
1) start with recording traditional IRA - exact steps from your STEP1. Like others have mentioned, i dont see a choice to chose which portion of traditional IRA is non deductible. I got a summary screen where IRA deduction is zero.
2) go to wages -> 1099 R import. I followed everything exactly marking SEP/SIMPLE BOX and also mentioned the entire money is cashed into a ROTH IRA. I end up getting taxed for the conversion money.
Not sure why it is acting different for me. Kindly help.