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Level 1
posted Jun 26, 2024 9:26:55 AM

Roth Conversions

What forms does TurboTax automatically generate for a Roth Conversion based on the information provided by the client?

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1 Replies
Employee Tax Expert
Jun 26, 2024 9:41:32 AM

To enter a conversion from a traditional IRA to a Roth IRA in TurboTax, you would enter your Form 1099-R into TurboTax and provide answers to the interview questions indicating the amount that you converted to a Roth IRA.  Once you’ve entered the conversion, TurboTax will automatically generate a Form 8606, Nondeductible IRAs, which will be included as part of your income tax return.

 

I hope this helps!