IRA conversion to Roth

[dborowicz]

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]

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.  

[dborowicz]

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

[fanfare]

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