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bmwilson72
New Member

IRA roll over to Roth

After entering 1099-R info I am asked if I moved the money to another retirement account to which I answered Yes as we rolled it to a Roth IRA.  Then I am told that I do not need to pay tax on this rollover, but since it was moved from a Traditional IRA to a Roth IRA I understood that I DO need to pay tax.  Should I instead answer that I did something else with it?  

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Accepted Solutions
macuser_22
Level 15

IRA roll over to Roth

You do not say that it was rolled over, you say that it was converted,

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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1 Reply
macuser_22
Level 15

IRA roll over to Roth

You do not say that it was rolled over, you say that it was converted,

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

View solution in original post

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