How do I enter a Roth Conversion on Form 8606, Line 8?
I did a Roth Conversion in 2023. It is reported to me on Form 5498, but Turbo Tax says that form is not needed and not used. How do I enter the Roth Conversion on Form 8606, Line 8?
02507
1 Best answer
dmertz
Level 15
Feb 16, 2024 5:22:00 AM
If you did a Roth conversion in 2023 you will have received a Form 1099-R that you must enter into TurboTax and indicate by marking the checkbox in the questions that follow that the distribution was converted to Roth.
2 Replies
dmertz
Level 15
Feb 16, 2024 5:22:00 AM
If you did a Roth conversion in 2023 you will have received a Form 1099-R that you must enter into TurboTax and indicate by marking the checkbox in the questions that follow that the distribution was converted to Roth.
MLM5
New Member
Feb 16, 2024 11:06:47 AM
Thanks. I was unaware of that, and the TurboTax online help did not provide that detail. Since it is not entered explicitly on the 1099-R, I would never have thought to look there. Thanks again.