I converted all of my trad ira to another company. Then, I converted half trad to a roth ira. I rec'd 1099-R's for both accounts showing distributions. It seems that the questions in TT lead me to show full PLUS half amount in the ira distribution income, which significantly increases tax due. Is this correct?
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Enter the first 1099-R and say in the follow up that you moved to to another retirement account (rollover) unless it has a code G in box 7 that is automatically a rollover.
The second also say in the follow up that you moved to to another retirement account but choose that you converted to to a Roth.
Enter the first 1099-R and say in the follow up that you moved to to another retirement account (rollover) unless it has a code G in box 7 that is automatically a rollover.
The second also say in the follow up that you moved to to another retirement account but choose that you converted to to a Roth.
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