adamculp
New Member

Retirement tax questions

I'm a little confused. Technically, the conversion happened AFTER the current tax year has ended and been submitted because the 1099R doesn't arrive to be claimed until the following year. Meaning, there appears to be basis next year until the 1099R can be properly added to the following years' taxes, yes?

If the basis is to be zero in the following year, that would mean that the conversion would need to be recorded somehow in the current year...without a 1099R. How to do this in TurboTax?