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New Member
posted Mar 13, 2025 2:46:00 PM

Where do we enter the tax amount we already paid in 2023 for 2024?

I converted some traditional IRA to ROTH and have paid the tax at the beginning of 2024. Where do I enter this info to get the correct amount of tax I will owed?

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2 Replies
Level 15
Mar 13, 2025 2:50:24 PM

If this occurred in 2024 then you should have received a Form 1099-R.  On the 1099-R any federal income taxes withheld will be entered in box 4 of the form.  The taxes withheld flow to the 2024 federal tax return, Form 1040 Line 25b.

 

To enter, edit or delete a form 1099-R -

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Retirement Plans and Social Security
On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

 

Or enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R


Online editions -

On the screen Did you get a 1099-R in 2024? Click on Yes

On the screen Let's import your tax info Click on Change how I enter my form
On the screen How do you want to add your 1099‑R? Click on Type it in myself

On the screen Who gave you a 1099-R? select the type of 1099-R you received and Continue

Level 15
Mar 13, 2025 2:52:30 PM

What does 2023 have to do with it?  If you converted to a ROTH IRA in 2024 you should have a 1099R for it.  The tax withholding is in box 4.  Or what/how did you pay the 2023 tax at the beginning of 2924?

 

Enter a 1099R under
Federal Taxes
Wages & Income
Then scroll way down to Retirement Plans and Social Security
Then IRA, 401(k), Pension Plan Withdrawals (1099-R) – Click Start