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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:
- Yes, added $200 to the $1800 got (total of $2000)
- No, didn't add $200 to the $1800 got
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‎June 4, 2019
12:10 PM