Conversion from regular IRA to Roth IRA

Forum|Forum|4 years ago
March 28, 2022
5 replies
16 views

This tax year (2021) I converted a regular IRA to a Roth IRA. As I went through the process on TT, your choice of responses was illogical ("I did something else...", and did not offer the option of "converted to Roth IRA. Since the options are listed under the conversion section, this should be a clearly named option to check. This needs to be fixed.

bosso3

Level 7

Which product are you using and is it the desktop version or the online version?

Also, are you entering data in the section for Form 1099-R?

VolvoGirl

Level 15

Did you pick you moved it to another account? What coddusi box 7? You should get this screen. You did a conversion

kruisinetAuthor

Level 2

That is the option I chose first. Problem is, when you do that, it treats that money as if it is non-taxable, when it is taxable.

dmertz

Level 15

Even though you might have converted the entire amount, you must indicate that you did a combination of rolling over, converting and cashing out, then enter the amount converted to Roth.