dmertz
Level 15

Retirement tax questions

The Roth conversion performed in 2020 will be reported on your 2020 tax return.  Near the end of January 2021 you'll receive the Form 1099-R that you'll enter into 2021 TurboTax and indicate that you converted the distribution to Roth.  The amount from line 14 of your 2020 Form 8606 will transfer to line 2 of your 2021 Form 8606 to be used in calculation the taxable amount of your Roth conversion.