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How do I enter 1099-R distribution code 2, in TurboTax Deluxe Desktop?

I did a individual 401k conversion to Roth IRA and also a Backdoor Roth. My 1099-R indicates in Box 1 and Box 2a as $40,000 (of which backdoor roth of 7,500). I paid quarterly taxes of the remainder already. But how do I enter the following in TurboTax desktop so I am not paying any additional taxes?

 

  • 32,500 individual 401k conversion to roth ira
  • 7,500 backdoor roth

 

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Accepted Solutions
SharonD007
Employee Tax Expert

How do I enter 1099-R distribution code 2, in TurboTax Deluxe Desktop?

You can enter both your backdoor Roth and conversion by following the instructions in the TurboTax article: How do I enter a backdoor Roth IRA conversion?

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1 Reply
SharonD007
Employee Tax Expert

How do I enter 1099-R distribution code 2, in TurboTax Deluxe Desktop?

You can enter both your backdoor Roth and conversion by following the instructions in the TurboTax article: How do I enter a backdoor Roth IRA conversion?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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