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Retirement tax questions
Line 6 of Form 1099-R should not be zero since the dividend and any attributable gain or loss were present in the traditional IRA on December 31, 2024. Be sur to enter this amount when TurboTax asks for your year-end balance in traditional IRAs. The taxable amount of the conversion of about the same amount as the year-end balance and that will add to your AGI. See my previous post for the calculation.
‎January 10, 2026
8:28 AM