Am in Forms view on 2024 TurboTax Premier for Windows. Looking at Part IV, lines 18, 19, and 20.
Line 18: "Enter the combined value of all traditional IRAs (including SEP and SIMPLE IRAs) on 12/31/2024 (See Help)."
Line 19: "If any amounts were recharacterized either to or from any traditional IRA, enter the net amounts recharacterized after 12/31/2024."
QUESTION: Any amounts recharacterized TO a traditional IRA (e.g., from a Roth) that ARE INCLUDED IN line 18? Or that ARE IN ADDITION TO the amount in line 18? I assume it is the latter, but wanted to check.
Line 20: "Enter the total amount of any traditional IRA distributions that you rolled over, or intend to roll over, to another traditional IRA, but the rollover was (or will be) made after 12/31/2024."
QUESTION: I rolled over 100% of my 401(k) to a traditional IRA on 12/31/2024 after taking my RMD from the 401(k) => my 12/31/2024 401(k) balance was zero. However, the funds were actually added to my rollover IRA at Fidelity on 1/2/2025 => they are NOT included in line 18. Nonetheless, I do NOT include the rollover from the 401(k) in line 20, correct? (The verbiage in line 20 pertains to IRA's and does not mention 401(k)'s, but I wanted to make sure.)
Somewhat related: In step-by-step view, how do I get back into the section that underlies the IRA Info Wks form? There is no "jump to" link in Help. Tried to get there by once again going through the IRA section in Deductions, but failed.
Thanks!!!
