ldagguba
New Member

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.