Pre-tax 401k portion (in-service distribution) into IRA then ROTH Conversion

[Random_Bunny]

@dmertz thank you. I just paid and downloaded the return to check. Here is what I see on Form 8606

• Line 5... $6000
• Line 6... empty
• Line 7... empty
• Line 8... empty although this seems odd because Line 8 is about Net amount converted from IRAs...  it should show $6265. Something wrong here?
• Line 13...$6000 but does have an asterisk (asterisk is from taxable IRA distribution worksheet, which I cannot find anywhere in the return. Where can I find this?)
• Line 15a... 0
• Line 15c... 0 but does have an asterisk
• Line 16...$6265
• Line 17...$6000
• Line 18...$265 shows as the taxable amount. Assume Turbotax has already calculated taxes on this?

[dmertz]

That seems to be exactly as it should be, only $265 of the Roth conversion is taxable.

The asterisks indicate that TurboTax is using Worksheet 1-1 from IRS Pub 590-B to calculate the nontaxable amount of the Roth conversion.  This worksheet is included when you obtain the tax return with all worksheets.

[Random_Bunny]

@dmertz Thank you.

So it is not an issue that Line 8 has NOTHING on it? Line 8 says "Enter the net amount you converted from traditional, SEP, and SIMPLE IRAs to Roth IRAs in 2022. Also, enter this amount on line 16." Should it not show $6265 as the total?

And, Turbotax is calculating and including tax on $265 automatically?

[dmertz]

TurboTax leaves lines 6 through 12 blank as instructed in IRS Pub 590-B when using Worksheet 1-1 from Pub 590-B, indicated by the asterisks on lines 13 and 15c.