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March 13, 2025
Question

Where do we enter the tax amount we already paid in 2023 for 2024?

  • March 13, 2025
  • 2 replies
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I converted some traditional IRA to ROTH and have paid the tax at the beginning of 2024. Where do I enter this info to get the correct amount of tax I will owed?

    2 replies

    DoninGA
    March 13, 2025

    If this occurred in 2024 then you should have received a Form 1099-R.  On the 1099-R any federal income taxes withheld will be entered in box 4 of the form.  The taxes withheld flow to the 2024 federal tax return, Form 1040 Line 25b.

     

    To enter, edit or delete a form 1099-R -

    Click on Federal Taxes (Personal using Home and Business)
    Click on Wages and Income (Personal Income using Home and Business)
    Click on I'll choose what I work on (if shown)
    Scroll down to Retirement Plans and Social Security
    On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

     

    Or enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R


    Online editions -

    On the screen Did you get a 1099-R in 2024? Click on Yes

    On the screen Let's import your tax info Click on Change how I enter my form
    On the screen How do you want to add your 1099‑R? Click on Type it in myself

    On the screen Who gave you a 1099-R? select the type of 1099-R you received and Continue

    VolvoGirl
    March 13, 2025

    What does 2023 have to do with it?  If you converted to a ROTH IRA in 2024 you should have a 1099R for it.  The tax withholding is in box 4.  Or what/how did you pay the 2023 tax at the beginning of 2924?

     

    Enter a 1099R under
    Federal Taxes
    Wages & Income
    Then scroll way down to Retirement Plans and Social Security
    Then IRA, 401(k), Pension Plan Withdrawals (1099-R) – Click Start