Converted money from Traditional IRA to a Roth IRA and it is not showing correctly as being taxable

[meanjeanslo88]

Last year I converted $10k from my Traditional IRA to my Roth IRA and it showed up on Form 8606.  This year I am using the Turbotax Desktop version and it's not showing a Form 8606.  On my 1099-R, Box 7 has code 2 and IRA/SEP/Simple marked.  I'm not sure how to fix this.  I imported everything from my broker.

[dmertz · Accepted solution]

The result implies that you did not report the traditional IRA distribution as having been converted to Roth by answering during the entry of the Form 1099-R that you moved the money to another retirement account, that you did a combination of rolling over, converting and cashing out, then entering the amount in the box for Roth conversions.

[meanjeanslo88]

Thank you!  I figured that out, too.  I went back in to see where I had messed up and was able to fix it so that now it shows correctly.  For anyone else who may have done this, here is where I messed up and how I fixed it.

Retirement Plans and Social Security > IRA, 401k, Pension Plans Withdrawals

> Edit the 1099-R that isn't reporting correctly

Complete the 1099-R like it shows on the form received, then press CONTINUE

Is 1099-R for a contribution my Employer made? - NO 

Did I inherit 1099-R from TD Ameritrade? - NO

What did you do with money from TD Ameritrade?  

     [x] I moved the money to another retirement account

     [x] I did a combination of rolling over, converting, or cashing out

     Tell us how much of $5000 you moved to an IRA, 401k, or other retirement account

               Amount rolled over or back to retirement account:  $0

          [x] Amount converted to a Roth IRA:  $5000

Did you put this money from TD Ameritrade in a Health Savings Account HSA? - NO

Was this a withdrawal due to a 2021, 2022, 2023 disaster? - NO