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I converted part of an IRA to a Roth, using funds from the IRA to pay the federal and state taxes on the combined amount. What is the "Actual amount converted" for TT?

Not sure if I should enter the total combined amount (taxes + Roth) or just the amount that ended up in the Roth.
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MinhT1
Expert Alumni
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I converted part of an IRA to a Roth, using funds from the IRA to pay the federal and state taxes on the combined amount. What is the "Actual amount converted" for TT?

The actual amount converted is the amount which was deposited in the Roth IRA account.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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MinhT1
Expert Alumni
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I converted part of an IRA to a Roth, using funds from the IRA to pay the federal and state taxes on the combined amount. What is the "Actual amount converted" for TT?

The actual amount converted is the amount which was deposited in the Roth IRA account.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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