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Visitor II

Pension Distribution into Traditional IRA and Roth IRA. How to enter properly into TurboTax

I chose to take my portion of pension contributions out via a distribution in 2017.  Since the amounts represented my contributions it contained portions that were both taxed (my excess contributions) and non taxed (required for pension participation).  When I took the distributions I rolled the non taxable portion into a traditional IRA and I took the after tax portion and rolled them into a Roth IRA.    Since the Roth portion had already been taxed using after tax dollars, how do I show this correctly when I am filing in Turbo Tax for 2017.  it is not a recharacterization or contribution.  but a rollover over of after tax pension into a Roth IRA.  Thanks for your help

2 Comments
TurboTax Specialist

Pension Distribution into Traditional IRA and Roth IRA. How to enter properly into TurboTax

Your headline reads "HSA..." but I don't see HSA anywhere in the question body.

 

It's probably just as well, since you are allowed only one rollover from an IRA to an HSA in a lifetime, and you aren't allowed a rollover to an HSA from any qualified plan ever.

Visitor II

Pension Distribution into Traditional IRA and Roth IRA. How to enter properly into TurboTax

Thanks for the message.  I'm actually not sure why it was classified HSA vs. IRA vs. Roth.  My original subject was Pension Distribution to IRA and Roth IRA.


@BMcCalpinwrote:

Your headline reads "HSA..." but I don't see HSA anywhere in the question body.

 

It's probably just as well, since you are allowed only one rollover from an IRA to an HSA in a lifetime, and you aren't allowed a rollover to an HSA from any qualified plan ever.