![]() On the " Your 1099-R Entries" screen click " continue".Then choose “ I did a combination of rolling over, converting, or cashing out money.” and enter the amount next to " Amount converted to a Roth IRA account".Answer questions until you get to “ What Did You Do With The Money” and choose “ I moved it to another retirement account”.Click "Continue" and enter the information from your 1099-R.Choose "Form 1099-R, Withdrawal of Money from 401(k) Retirement Plans, Pensions, IRAs, etc.".Answer " Yes" to the question " Did You Have Any of These Types of Income?".Scroll down and click " Start" next to " IRA, 401(k), Pension Plan (1099-R)".Click " Federal Taxes" on the top and select " Wages & Income".On the “ Choose Not to Deduct IRA Contributions” screen choose “ Yes, make part of my IRA contribution nondeductible” and enter the amount (if you have a retirement plan at work and are over the income limit it will be nondeductible automatically and you only get a warning and then a screen saying $0 is deductible).Enter your basis in the Traditional IRA from your 2020 Form 8606 line 14 (if you had a basis in the prior year). ![]()
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