Is anyone a CPA?

CTri17 · February 2011

Or not but knows the answer?

If I moved my TIAA cref retirement plan to edward jones to a Traditional IRA and then converted it to a ROTH after that how to put it into turbo tax?
I did it but I'm not sure if I did it right

I can give more info if needed.

TIA ladies

xojo1 · February 2011

My husband converted a traditional to a Roth last year. We received a form (I can't remember what one) that had all the necessary information on it. We use TaxAct and it had a prompt asking if we did this. I answered yes and then it prompted me which boxes to pull info from.

You'll have to pay taxes on it when you file, so you either see your refund drop, or what you owe increase when you put it in.

I'm not sure how helpful that it. Maybe try asking the Tax subboard over on MM?

CTri17 · February 2011

xojo1:
My husband converted a traditional to a Roth last year. We received a form (I can't remember what one) that had all the necessary information on it. We use TaxAct and it had a prompt asking if we did this. I answered yes and then it prompted me which boxes to pull info from.
You'll have to pay taxes on it when you file, so you either see your refund drop, or what you owe increase when you put it in.
I'm not sure how helpful that it. Maybe try asking the Tax subboard over on MM?

Yeah that is what I did, here is the confusing part.

I got a 1099R from TIAA Cref because I rolled it into a TRAD at EJ.

Then I got a 1099 R from EJ because I converted it into a ROTH.

So I'm curious if I have to enter both?

xojo1 · February 2011

CTri17:
xojo1:
My husband converted a traditional to a Roth last year. We received a form (I can't remember what one) that had all the necessary information on it. We use TaxAct and it had a prompt asking if we did this. I answered yes and then it prompted me which boxes to pull info from.
You'll have to pay taxes on it when you file, so you either see your refund drop, or what you owe increase when you put it in.
I'm not sure how helpful that it. Maybe try asking the Tax subboard over on MM?
Yeah that is what I did, here is the confusing part.
I got a 1099R from TIAA Cref because I rolled it into a TRAD at EJ.
Then I got a 1099 R from EJ because I converted it into a ROTH.
So I'm curious if I have to enter both?

I would say yes because I *think* there are tax implications on both moves.

Is anyone a CPA?

Re: Is anyone a CPA?

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