DanaB27
Expert Alumni

Retirement tax questions

It seems you entered this as a recharacterization instead of a conversion.

 

Please go back to the IRA contribution section to remove the recharacterization:

 

  1. Login to your TurboTax Account 
  2. Click on "Search" on the top right and type “IRA contributions” 
  3. Click on “Jump to IRA contributions"
  4. Select “Roth IRA
  5. Continue until the "Tell Us How Much You Transferred" screen and delete your entry.

 

Please follow these steps to enter the conversion in TurboTax Online:

 

  1. Click on "Search" on the top right and type “1099-R”  
  2. Click on “Jump to 1099-R”
  3. Click "Continue" and enter the information from your 1099-R
  4. Answer questions until you get to “Tell us if you moved the money through a rollover or conversion” and choose “I converted some or all of it to a Roth IRA
  5. Select "Yes, all of this money was converted to a Roth IRA"
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