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Level 6
posted Feb 22, 2025 8:40:11 PM

Roth Conversion - Solved and Deleted

Deleted - Question was solved 

 

0 3 1598
1 Best answer
Expert Alumni
Feb 23, 2025 11:58:49 AM

Yes, you entered this correctly.

3 Replies
Expert Alumni
Feb 23, 2025 1:55:16 AM

Correct, RMDs cannot be rolled over or converted but any additional funds above the RMD can be converted to Roth IRA.

Therefore, a conversions doesn't have an RMD.

 

Please note, I cannot see your attachment. 

 

If you took all your required RMD please make sure you indicate this at the end of the retirement interview:

 

  1. Click on the "Search" on the top right and type “1099-R” 
  2. Click on “Jump to 1099-R”
  3. On the "Review your 1099-R info" screen click "Continue"
  4. On the "Did You Miss a Required Distribution From Any Retirement Accounts?" select "None of these plans failed to withdraw the RMD"

Level 6
Feb 23, 2025 6:47:20 AM

Thankyou..

I realized that the Roth conversion should not be classified as an RMD after testing it with a value so I deleted the posting and the attachment.

I've added the attachment below. 

I believe it accomplishes the same as your suggestion. Agree??

Expert Alumni
Feb 23, 2025 11:58:49 AM

Yes, you entered this correctly.