Those are the instructions for TurboTax CD/Desktop.
On TurboTax Online,
- After entering your 1099-R, you'll see a screen Tell us if you moved the money through a rollover or conversion,
- Select I converted some or all of it to a Roth IRA,
- Then choose whether (1) Yes, all of this money was converted to a Roth IRA, (2) No, I converted less than [the full amount], or (3) I didn’t convert any of the money.
By converting a Traditional IRA into a Roth, you change otherwise taxable distributions to tax-free distributions. What’s the catch? You’ll have to pay tax now on the amount you convert.
To learn more about Roth Conversions click on Now Everyone Can Convert to a Roth.
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