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IRA conversion to Roth
I am totally confused on how I enter this in Turbo Tax. In 2019 I rolled my federal Thrift Savings balance into a traditional IRA. At the end of the 2019 I converted $25,000 of that IRA into a Roth. I have a 1099R showing that amount but can't figure out how to enter it so I don't have a penalty at the end for an over contribution to the Roth. It shows up in the income column so I will be charged the taxes on it but how do I indicate it is a conversion and not a contribution.
‎February 18, 2020
2:45 PM