Hi, first time here in this community.
I am trying to finish my tax return with Turbotax Deluxe, and I cannot enter my Roth IRA conversion amount. I am sure this is not new, but I just could not solve it. What is causing this?
This is NOT Roth Backdoor, but simple contribution and conversion. I got 1099-R, so I entered it, and where I enter the conversion amount (since it was partial), the box is grayed out. I converted some amount from traditional IRA to Roth IRA, so I need to pay tax on it.
Your help is greatly appreciated.
You'll need to sign in or create an account to connect with an expert.
What code is in box 7?
Is the IRA/SEP/SIMPLE box checked?
Did you get the RMD question?
Hi, macuser_22
Box 7 says 02.
[IRA/SEP/SIMPLE box] is checked.
[Taxable amount not determined] checked.
RMD question? No. I don't think so. I am not at retirement age.
Thank you for looking into it and helping me out.
Try deleting the 1099-R and re-enter. After it asks if it is inherited you should get the screen that asks what you did with the money. Choose - moved to another account and the choose that you did a combination of things and enter the amount converted to a Roth. (Depending if you are using the online or desktop version the screens are a bit different).
Thank you. I will try that.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
hnk2
New Member
NMyers
Level 1
gomes_f
New Member
fpho16
New Member
Darenl
Level 3