@brgeren wrote:
So I'm having trouble now with my wife's conversion. I put $6000 into the Traditional and converted it all to the Roth. However, looking at the TurboTax 8606 for my wife, it has:
Line 1 - $6000
Line 2 - $0
Line 3 - $6000
Line 4-13 - Empty
Line 14 - $6000
Shouldn't there be some values on line 4 at least since this was a Roth conversion? What did I miss that caused Line 4 to be skipped? I never saw a part that asked if I did a Roth conversion?
Thanks again!
The 8606 line 4 is how much of the 2019 contributions were contributed in 2020.
Exactly when did you contribute to your spouses IRA and when did you do the conversion?
You should have a 1099-R for your wives distribution with the IRA/SEP/SIMPLE box checked. The interview should ask what you did with the money - you say it was moved to another retirement account and then it was converted to a Roth IRA.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
