Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
robtblum55
New Member

I transferred money from Traditional IRA-403b to Roth IRA. Where do I enter on turbo tax?

 
1 Reply
KenH1
New Member

I transferred money from Traditional IRA-403b to Roth IRA. Where do I enter on turbo tax?

You should have received a 1099-R from the IRA administrator.  To enter it:

Click Federal Taxes (top menu)

Click Wages & Income (just below top menu)

Scroll down to Retirement Plans and Social Security and click Show More (if necessary)

Click Start next to IRA, 401(k), Pension Plan Withdrawals (1099-R)

Enter your 1099-R exactly as printed, paying special attention the the distribution code in Box 7 and the "IRA/SEP/SIMPLE" box.

Be sure to answer the interview questions related to "What you did with the money."

Dynamic AdsDynamic Ads
Privacy Settings
v