Which version of Turbo Tax do I need for filing a conversion from standard IRA to Roth IRA? I have been buying Premier because I had some complex investments, but I no longer have them, this conversion is about the only thing I'm doing. Thank you.
All versions of TurboTax support reporting Roth conversions.
Thanks. Understood, all the forms are there, but is there guidance/wizard support? For instance there is a lot of help with investments, so asking if that kind of help for the ira conversion exists in all versions, deluxe, or premier.
They all ask the same questions about the nature of the distribution that you enter on TurboTax's 1099-R form. You'll indicate that you moved the funds to another retirement account, that you did a combination of rolling over, converting and cashing out (even though you might have converted it all), then enter the amount converted.