DaveF1006
Expert Alumni

Retirement tax questions

Yes this should be a taxable event. Let's try these steps to see if you reported correctly.

  1. You have entered your 1099R. make sure there is a taxable amount listed in Box 2A
  2. Make sure the IRA box is checked between Box 7 and 8 in your form
  3. Answer the question on the next screen and continue
  4. the 4th question should ask Let us know about the distribution.  Select Traditional IRA
  5. Then move through the next question about inheriting and then the next screen will ask, what you did with the money.
  6. Indicate you rolled it over into another retirement account
  7. Then another drop down will appear. Here you will say you converted to a Roth
  8. Finish up the questions.  That distribution should now as taxable on 1040-4B
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