You'll need to sign in or create an account to connect with an expert.
This happens frequently, there are some complicated choices to be made in this section of TurboTax. Allow me to walk you through them.
Enter the 1099-R information exactly as it appears on the form. If a box is blank - leave it blank - please do not enter zero. Be sure you enter the code in box 7 and check the "IRA/SEP/SIMPLE" box only if it is checked on the form. If box 2a says "Unknown" - leave it BLANK - the taxable amount will be calculated based on your answers to the follow-up questions.
As this was a conversion, answer the question What did you do with the money...? that "(Name) moved the money to another retirement account ...." Next, select the answer, "(Name) converted all of this money to a Roth IRA account."
You will be returned to the 1099-R summary page. Click Continue.
This happens frequently, there are some complicated choices to be made in this section of TurboTax. Allow me to walk you through them.
Enter the 1099-R information exactly as it appears on the form. If a box is blank - leave it blank - please do not enter zero. Be sure you enter the code in box 7 and check the "IRA/SEP/SIMPLE" box only if it is checked on the form. If box 2a says "Unknown" - leave it BLANK - the taxable amount will be calculated based on your answers to the follow-up questions.
As this was a conversion, answer the question What did you do with the money...? that "(Name) moved the money to another retirement account ...." Next, select the answer, "(Name) converted all of this money to a Roth IRA account."
You will be returned to the 1099-R summary page. Click Continue.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
gcsc82
New Member
Keppy
New Member
mamm304808
New Member
kimberlee-a-rock
New Member
nimmesis
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.