SeA3106
Level 2
10-18-2022
02:19 AM
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My client received a 1099R from her investment company showing a $100K rollover to a traditional IRA and a $20K taxable distribution to her ROTH IRA. Should this ROTH conversion be reported on Form 8606? The only way I could get the $20K to show up on the 8606 was to check the IRA/SEP/SIMPLE box. Given that these funds came from a 401K, is this the correct way to enter this transaction in Lacerte?
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