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How do I show on Turbo Tax that I've made a conversion from my Simple IRA to a Roth IRA?

 
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2 Replies
AnnetteB6
Employee Tax Expert

How do I show on Turbo Tax that I've made a conversion from my Simple IRA to a Roth IRA?

You enter the Form 1099-R that is reporting the distribution from your Simple IRA and answer the follow-up question that asks what you did with the money.  Your choices will include 'converted all or part of it to a Roth IRA'.  There will be other questions to answer, but that's all that you need to do.

 

You do not enter anything in the Roth IRA contribution section because a conversion and a contribution are two different ways to put money into a Roth IRA.

 

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How do I show on Turbo Tax that I've made a conversion from my Simple IRA to a Roth IRA?

Thank you so much!   I didn't realize that would generate the Form 8606.

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