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New Member
posted Jun 6, 2019 4:07:32 AM

Nondeductible traditional ira convert to roth ira

I bought $5500 nondeductible traditional ira for 2013 tax year, 8606 form was submitted by turbo tax back then. In 2016 I converted it to roth ira, the investment company sent me the 1099R,box1 showed "$5690" and box 7 showed code "2" with ira/sep/simple box "checked". I followed instruction to fill in this year's Turbo tax (wage/income session), filled base of $5500 and "0" in value of traditional ira on Dec 31, 2016. So before I click the efile button at the last step, where can I confirm the tax was only charged from the difference of $5690-$5500(base)? " 

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1 Replies
New Member
Jun 6, 2019 4:07:34 AM

Sounds like you did everything correctly.  You can verify it by looking at page 1 of your 1040, lines 15a & 15b.  Line 15a should have the gross distribution of $5690, and 15b (amount taxable) should have only the $190 difference.