Hello There,
I contributed $8000 ( aged above 50) in the year 2025 to Traditional IRA and then immediately converted the same to Roth IRA.
I did receive form 1099 R and I entered the info about this in the income section. I have question when I fill in the deduction section.
1) In this scenario, do I need to enter anything for Traditional or Roth IRA in the deduction section
2) If I don't enter this for the Traditional IRA, then my taxes are becoming higher and hence this question.
Tell us about your IRAs
Here I check marked for Traditional IRA and not the Roth IRA
Enter the total amount of contributions you put into a traditional IRA for 2025, even if you later transferred some or all of it to a Roth IRA. Learn more Total 2025 traditional IRA contributions ,
Here I entered $8000
Did you recharacterize any of the traditional IRA contributions for 2025 over to a Roth IRA contribution?
Here I said No
IF I do the above, I get $14545 as return. If don't enter anything for the traditional IRA, then I get only $11,500 as return. So I am tryiing to get the max return but at the same time, I want to do the right thing.
3)What are all the sections or places I need to enter when I contributed to Traditional IRA, converted to Roth IRA and received 1099 R
Regards,
Ravi
