TT has my taxable Roth conversion on Line 4a

Forum|Forum|5 years ago
February 26, 2021
1 reply
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The IRS indicates that, unless you have an exceptional situation (not the case with me), you should leave line 4a blank and enter the total distribution (from Form 1099-R, box 1) on line 4b.

TurboTax Online

Best answer by ThomasM125

I'm not sure why it is showing up like that. In the instructions to form 1040, it mentioned to use line 4(a) if you had a rollover. In any case, it won't affect your taxable income or tax and I can't imagine that the IRS would be concerned about it.

BillM223

Level 15

Just to confirm, you did not have any nondeductible amounts in that traditional IRA?

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caryncusaAuthor

Level 2

This message is to confirm that I did not have any nondeductible amounts associated with that traditional IRA.

macuser_22

Alumni - Champ

@caryncusa wrote:

Lines 4a and 4b are the exact same amounts. It does not say Rollover by Line 4b.

You did not answer my question - what did you enter that is different from my screen shots.

@macuser_22 wrote:

@caryncusa wrote:

Lines 4a and 4b are the exact same amounts. It does not say Rollover by Line 4b.

You did not answer my question - what did you enter that is different from my screen shots.

Sorry, I misread the original question - you said converted to a Roth. In that case then 4a and 4b must be the same.

1040 instructions:

Exception 2. If any of the following apply, enter the total distribution on line 4a and see Form 8606 and its instructions to figure the amount to enter on line 4b.

3.You converted part or all of a traditional, SEP, or SIMPLE IRA to a Roth IRA in 2020.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**