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Level 1
posted Feb 23, 2024 11:31:45 AM

2023 Roth Conversion amount

There appears to be no place in turbo tax to place this year's (2023) (Traditional to Roth) conversion amount?

I have a form 5498 for 2023 indicating I converted $20000 to a Roth.   Turbotax only wants my 2022 and prior conversions.  This seems strange to me.  Is there an internal calculation being made that I'm unaware of?

0 2 457
2 Replies
Level 15
Feb 23, 2024 12:14:06 PM

the place to enter it is where you input your 2023 1099-R that reports that conversion.

Level 1
Feb 24, 2024 9:51:15 AM

Yep, I see that now.    In turbotax, a few questions after 1099-R, it does ask how much was converted into the Roth IRA.

 

Thank you .