Error in Summary Tax View regarding ROTH conversion

[acavale]

I have converted some of my ROLLOVER IRA amount to a ROTH IRA which is taxable under the rules (while there is no penalty as I am over the age of 59-1/2);
-- Box 2(a) is checked

However the summary comparison page shows this conversion as NON-TAXABLE 

-- is this correct?

Thx in advance
AC

[acavale]

Hello TT team,

Is the above a coding issue?

AC

[MonikaK1]

If you are rolling over a Traditional IRA and converting some of it to a Roth IRA, this involves a multi-step process to enter.

A backdoor Roth IRA allows you to get around income limits by converting a traditional IRA into a Roth IRA. You'll get a Form 1099-R the year you make the conversion.

Contributing directly to a Roth IRA is restricted if your income is beyond certain limits, but there are no income limits for conversions.

Your 1099-R from the distribution of the traditional IRA funds will say code 2 in box 7 (or code 7 if your age is over 59 ½) . 

You should report your conversion for the year you receive this 1099-R:

• If you received a 2025 1099-R in 2026, complete both steps below to report it on your 2025 taxes.
• If you'll receive a 2026 1099-R in 2026, wait to report it on your 2026 taxes. In this case, only complete Step 1 below for your 2025 taxes. You’ll complete the second step next year when filing your taxes for 2026.

Please see this help article for the complete steps to enter in TurboTax to properly report this type of transaction.

@acavale 

[acavale]

Hi Monika,

Thanks for your response. My question is very simple:
- I am age 62 and my wife is 58

1. My wife compelted a Roth conversion. The 1099-R in Box 7 as "2" with IRA bocx(X)

--- TT said her Roth conversion was TAXABLE NO penalty as there were exceptions (All of it was converted to ROTH)

2. I also converted some of my Rollover IRA to Roth. MY 1099-R has 7 in Box 7 with an (x) for IRA

-- TT indicated that this Roth conversion is NON-TAXABLE.

-- I do not understand why this is NON-Taxable  

For both these, I uploaded the 1099-R and answered the questions when i completed the IRA section under Investment income.

Best regards,

AC

[BillM223]

"TT indicated that this Roth conversion is NON-TAXABLE."

Where did you see this? On a tax form (which one)? On a Summary screen? In the Federal Review?

As I understand you, your issue is only with your 1099-R, not your spouse's, right?

[acavale]

yes Bill.

I realized that TT was accounting for both Roth conversions. But my wife had a carry over on NON-deductible contributions and hence the total was less.

Thx v much