IRA conversion to Roth

Forum|Forum|5 years ago
January 19, 2021
3 replies
27 views

Can you use turbo tax as a what if? I would like to see what effect a roth conversion would mean.

Can i use my 2019 completed tax file? Maybe just copy it to a new file and add the conversion info?

VolvoGirl

Level 15

Yes that could work if you are using the 2019 Desktop program. The Desktop program has a What-If worksheet or you can copy your file to test in. But shouldn't you use your 2020 return? Probably haven't finished 2020 yet.

dborowiczAuthor

Level 2

Thanks. So I should create a new file (copy of 2019). And add a 1099R for the desired amount say 20,000?

fanfare

Level 15

First rename your actual filed tax return so you can recognize it.

I.E. 2019FILED

You can make any number of TRIAL returns with CD/Download

IRA conversion to Roth

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