Roth convefsion

user17725500531 — Tue, 03 Mar 2026 15:04:04 GMT

I did a Roth conversion for 6000. I received a 1099R with gross distribution of 1200, taxable amount of 1200, and federal tax withheld of 1200. Distribution code 7 and the IRA/SEP box is checked. Why doesn't Turbotax generate a form 8606? It is not asking me for the actual conversion amount of 6000.

Re: Roth convefsion

CatinaT1 — Tue, 03 Mar 2026 15:40:37 GMT

Check your records or your brokerage portal for a second 1099-R for $4,800.

Usually, when you withhold taxes, brokers issue two forms: one for the money that went into the Roth ($4,800) and one for the money that went to the the IRS ($1,200). TurboTax isn't generating Form 8606 because the form you entered shows $0 actually reached the Roth IRA—it was all withheld for taxes.

If you are under 59½, that $1,200 withholding is considered an 'early distribution' and will likely trigger a 10% penalty, even if the conversion itself is tax-free. If you find the second 1099-R for $4,800 and enter it, TurboTax will then ask the conversion questions and generate Form 8606.

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Roth convefsion

Re: Roth convefsion