I am facing multiple issues with recording Roth Conversions in TurboTax:
1. The 1099-R was recorded as a distribution instead of Roth Conversion (Form 8606 Part II, lines 16-18). I found a way to manually mark the distribution as a conversion in the form section of TurboTax, but couldn't get the step-by-step question asking if the distribution was a Roth Conversion.
2. Form 8606 line 8 doesn't show anything, even when I got the information to show in Part II. I believe that this behavior was true all along (vs. 1 above which was new to me this year).
Thanks,
Gil
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Please be aware that if you have a * next to line 18 then TurboTax is using the Taxable IRA distribution worksheet to calculate the taxable portion and line 8 won't have any entry. Please see Pub 590-B for additional information.
Please follow the step below to enter the 1099-R conversion:
Please be aware that if you have a * next to line 18 then TurboTax is using the Taxable IRA distribution worksheet to calculate the taxable portion and line 8 won't have any entry. Please see Pub 590-B for additional information.
Please follow the step below to enter the 1099-R conversion:
Great instructions. Thanks Dana!
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