Hi Monika,
Thanks for your response. My question is very simple:
- I am age 62 and my wife is 58
1. My wife compelted a Roth conversion. The 1099-R in Box 7 as "2" with IRA bocx(X)
--- TT said her Roth conversion was TAXABLE NO penalty as there were exceptions (All of it was converted to ROTH)
2. I also converted some of my Rollover IRA to Roth. MY 1099-R has 7 in Box 7 with an (x) for IRA
-- TT indicated that this Roth conversion is NON-TAXABLE.
-- I do not understand why this is NON-Taxable
For both these, I uploaded the 1099-R and answered the questions when i completed the IRA section under Investment income.
Best regards,
AC
