How do you enter a traditional ira to roth conversion in TurboTax?

[ab127]

I would think this would be easy, but I can't find instructions on how do you enter a traditional ira to roth conversion in TurboTax? The traditional IRA is all pre-tax money. I am 55 years old. I expect TurboTax to show that I will have to pay federal income tax on converted amount.

[ab127]

Just to be clear, this is not a backdoor Roth converison. It is taking money from an existing traditional IRA and converting it to a Roth IRA. 

[DanaB27]

Please follow these steps to enter the Form 1099-R for the conversion: 

1. Click "Federal Taxes" on the top and select "Wages & Income"
2. Click "I'll choose what to work on"
3. Scroll down and click "Start" next to "IRA, 401(k), Pension Plan (1099-R)" 
4. Answer "Yes" to the question "Did You Have Any of These Types of Income?"
5. Enter the information from your 1099-R
6. Answer questions until you get to “What Did You Do With The Money” and choose “I moved it to another retirement account”
7. Then choose “I did a combination of rolling over, converting, or cashing out money.” and enter the amount next to "Amount converted to a Roth IRA account"
8. Continue through the questions.