2530230
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How do I report a 1099R IRA traditional to a 1099R roth? Total amount was rolled over and converted within 60 days

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
ColeenD3
Expert Alumni

How do I report a 1099R IRA traditional to a 1099R roth? Total amount was rolled over and converted within 60 days

If you rolled it over yourself, within the 60 days, you should have received a a1099-R. Enter the form in the Retirement section in Wages and Income. Enter it under 1099-R.

 

As you progress through the interview screen you will be asked what you did with the money. Indicate that you put it in a Roth. You will be taxed on the conversion.

 

 

 

 

ColeenD3
Expert Alumni

How do I report a 1099R IRA traditional to a 1099R roth? Total amount was rolled over and converted within 60 days

You asked about the taxability. Yes, if you roll amounts from a traditional IRA to a Roth IRA, those amounts are taxable. You had two 1099-Rs. It is taxable since your rolled pretax money into an after tax account.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question