Is there a way to show that I'm paying for a roth ira instead of a conversion? Do I just get taxed again because its coming out of my account?

posted

To clarify you moved funds from a traditional IRA to Roth IRA? If yes, then this is a conversion and is taxable unless you made nondeductible contributions to the traditional IRA (had a basis).

If this doesn't answer your question then please provide more details and we will be happy to help you.

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

The local IRS told me to add an amount onto line 24z....how do I do that?

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Is there a way to show that I'm paying for a roth ira instead of a conversion? Do I just get taxed again because its coming out of my account?

Is there a way to show that I'm paying for a roth ira instead of a conversion? Do I just get taxed again because its coming out of my account?

Get more help

Do you have a TurboTax Online account?

Is there a way to show that I'm paying for a roth ira instead of a conversion? Do I just get taxed again because its coming out of my account?

Do you have an Intuit account?

Is there a way to show that I'm paying for a roth ira instead of a conversion? Do I just get taxed again because its coming out of my account?

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert