IRA conversion to Roth, taxes paid

[jamesrath1970]

Last year we converted a portion of a traditional IRA to a Roth IRA. We paid estimated tax.  Where in Turbo Tax do we enter the estimated tax that was paid?

[SweetieJean]

Isn't it recorded on your 1099-R?

[jamesrath1970]

I was interested in how the the quarterly estimated tax paid in 2021 is reported in Turbotax.

[jamesrath1970]

The 1099-R does not show any fed tax withheld because they did not withhold tax before rolling it over.  

[RobertB4444]

Under "Deductions and Credits" scroll down to "Estimates and Other Taxes Paid".  The first option is "Estimates."  You'll enter your estimated payments here.

[VolvoGirl]

For 2021 Federal Estimated payments should be on 1040 line 26.

You can type estimates paid in the search box at the top of your return and click Find and it will give you a link to Jump To it.

OR

To enter Federal or State Estimated Taxes Paid, including a state estimated payment made in January for the prior year, go to

Federal on left or at top (Personal for Home & Business)

Deductions and Credits at top

Then scroll way down to Estimates and Other Taxes Paid

Estimated Taxes - click the start button

[jamesrath1970]

Perfect. Thank you.

[jamesrath1970]

Thank you.