topic Re: roth IRA conversion in Retirement tax questions

roth IRA conversion

kvu — Tue, 10 Feb 2026 10:46:06 GMT

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?

Re: roth IRA conversion

VolvoGirl — Sun, 25 Feb 2024 22:03:17 GMT

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

Re: roth IRA conversion

dmertz — Mon, 26 Feb 2024 00:12:58 GMT

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.