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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:
- Login to your TurboTax Account
- Click on "Search" on the top right and type “IRA contributions”
- Click on “Jump to IRA contributions"
- Select “Roth IRA”
- 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:
- Click on "Search" on the top right and type “1099-R”
- Click on “Jump to 1099-R”
- Click "Continue" and enter the information from your 1099-R
- 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”
- Select "Yes, all of this money was converted to a Roth IRA"
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March 4, 2025
11:13 AM