I converted $45,000 from my tradional IRA into a Roth IRA
1099 R showed:
Box 2a taxable amount: $45,000
Box 2b taxable amount not determined (checked)
Box 7 distribution code 2
But TurboTax determined that I do not owe any tax on this distribution?
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After you enter the 1099R it will ask you some follow up questions.
Pick you moved it to another retirement account. Then it will ask if it was to a ROTH.
Then choose - I did a combination of rolling over, converting or cashing out the money
Then it will ask how much you converted to a ROTH
I suspect that TurboTax told you that there is no "additional" tax, meaning no early-distribution penalty. I also suspect that the IRA/SEP/SIMPLE box is marked on the Form 1099-R, so you should see the taxable amount appear on Form 1040 line 4b.
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