turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes & Forms (2024) on Mar 19! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

mikeP1
New Member

Should I answer "Yes" to turbotax question of did I make a Roth contribution? I did a Roth conversion.

So, I did a Roth conversion and have reached the point in Turbotax where they ask if I made a Roth contribution. Should I say yeshere and they'll ask later if it wsa a conversion?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Should I answer "Yes" to turbotax question of did I make a Roth contribution? I did a Roth conversion.

With respect to this deposit to your Roth IRA, answer No.  Nothing about this Roth conversion is to be reported under Deductions & Credits.  You would answer Yes only if you made a separate regular contribution to a Roth IRA.

View solution in original post

1 Reply
dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Should I answer "Yes" to turbotax question of did I make a Roth contribution? I did a Roth conversion.

With respect to this deposit to your Roth IRA, answer No.  Nothing about this Roth conversion is to be reported under Deductions & Credits.  You would answer Yes only if you made a separate regular contribution to a Roth IRA.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question