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Retirement

Convert a traditional IRA to a Roth IRA

To enter data for a traditional IRA converted to a Roth IRA (also known as a backdoor Roth), complete the following steps.
  1. Open the
    1099R
     screen in the
    Retirement
     folder and enter the total amount converted in box 1 and box 2a.
  2. Enter 1 of the following items for a Roth conversion:
    • Enter
      2
       in box 7 if the participant is under age 59 1/2, or
    • Enter
      7
       in box 7 if the participant is at least 59 1/2.
  3. Enter
    X
     in the
    IRA/SEP/SIMPLE
     field.
  4. Open the unit of the
    1099R-3
     screen, and enter the amount that was converted in the
    Conversion to Roth
     field.
  5. Open the
    IRA
     screen in the
    Retirement
     folder and enter the code in the
    Conversion from traditional IRAs to Roth IRAs
    field. Enter
    2
     if the taxpayer converted all of their traditional IRAs to Roth IRAs and received no other distributions (withdrawals) from traditional IRAs during
    2024
    . For all other conversion scenarios, enter
    1
    . The code in this field determines which lines of Form 8606 are calculated based upon Form 8606 instructions.
  6. Enter any current year contributions, basis information, and IRA values as necessary.

This article applies to:

  • Product: UltraTax CS
  • Return type: 1040 Individual
  • Subject: Retirement
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