Roth conversion and TurboTax question
I did a conversion from Trad IRA to Roth IRA this year for my wife (64 year old). She made no other contributions to any IRAs in 2022. I'm trying to figure out how to deal with this in Turbotax.
In the income section of Turbotax I have entered the Gross Distribution and Taxable Amount shown on her 1099-R. It then shows as income in the program. I understand this.
Then, in the deductions section of TurboTax, I am asked if my wife made a contribution to a Trad or a Roth IRA in 2022. How is this to be answered? My thinking is that this section does not include such conversions.
Anyone know more that me on this?