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craigwcox
New Member

How do I record a roth conversion? I am only offered options for recharacterizations?

Software does not offer a roth conversion option as it did in prior years
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1 Reply
AnnetteB6
Employee Tax Expert

How do I record a roth conversion? I am only offered options for recharacterizations?

When you enter the Form 1099-R representing the distribution from the account that was converted to a Roth, the follow-up questions let you indicate that the money was converted to a Roth account.  

 

That is the only thing you need to do to report the conversion.  You will not enter any information in the IRA contributions section.

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