HL1
Returning Member

Roth Conversion with Tax Withheld

Did a Roth Conversion from Traditional IRA with 10% tax withheld, received 1099R the gross distribution and taxable amount shows the conversion amount of $2000, tax withheld of $200.  The actual deposit to Roth account was $1800.  When enter this information in TT.  Need some clarification on the TT interview questions. Which answer would apply:  

  1. Yes, added $200 to the $1800 got (total of $2000) 
  2. No, didn't add $200 to the $1800 got