How to report an IRA conversion
This will depend on when you did the conversion.
Conversions during 2025: If your conversion was during 2025, you'll enter the 1099-R you received on your 2025 return. After the form has been entered, we'll ask for more information regarding the conversion.
Conversions during 2026: If your conversion was during 2026, you won't enter anything about the conversion specifically until you file your 2026 return. You'll receive a 2026 1099-R and you'll enter it in the 1099-R section of the software. You'll want to keep track of how much you've contributed to your IRA and any IRA deductions you've taken on your return, so you can enter the conversion information correctly on your 2026 return.
Conversions during 2025: If your conversion was during 2025, you'll enter the 1099-R you received on your 2025 return. After the form has been entered, we'll ask for more information regarding the conversion.
Conversions during 2026: If your conversion was during 2026, you won't enter anything about the conversion specifically until you file your 2026 return. You'll receive a 2026 1099-R and you'll enter it in the 1099-R section of the software. You'll want to keep track of how much you've contributed to your IRA and any IRA deductions you've taken on your return, so you can enter the conversion information correctly on your 2026 return.
