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Level 2
January 25, 2023
Question

1099-R

  • January 25, 2023
  • 1 reply
  • 2 views

I have a 1099 R for IRA withdrawals.  I am 70, this is not a RMD.  The multiple withdrawals in 2022 are all designated as "normal distribution" (number 7 on the form).  However, some of those distributions were direct Roth conversions (with the same investment company), none of which are noted on the 1099.  How do I "fix" that in TurboTax to report part of those distributions as Roth conversions?  Thanks.

    1 reply

    VolvoGirl
    Level 15
    January 25, 2023

    After you enter the 1099R it will ask what you did with it.  But a IRA to ROTH IRA conversion will still be taxable and show up in the taxable amount on 1040 line 4b.  

    amad2Author
    Level 2
    January 25, 2023

    Thanks.  I didn't check the correct box-----clearly my mistake!  Thanks.