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rj3b
New Member

I moved my money from a IRA to a Roth IRA in 1999. On this years turbotax it is asking for prior to 2016 contributions. Do I put in the total $89000

 
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dmertz
Level 15

I moved my money from a IRA to a Roth IRA in 1999. On this years turbotax it is asking for prior to 2016 contributions. Do I put in the total $89000

TurboTax asks separately about your net basis in regular Roth IRA contributions and your net basis in Roth conversions.  The amount converted in 1999 would be entered as an amount converted in 2011 or a prior year.

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dmertz
Level 15

I moved my money from a IRA to a Roth IRA in 1999. On this years turbotax it is asking for prior to 2016 contributions. Do I put in the total $89000

TurboTax asks separately about your net basis in regular Roth IRA contributions and your net basis in Roth conversions.  The amount converted in 1999 would be entered as an amount converted in 2011 or a prior year.

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