Federal 2010: For Customers with Certain Roth Conversions

You may be affected if ALL of the following are true:

• You filed a 2010 federal return prior to March 24, 2011 AND
• You received a distribution from a qualified retirement plan AND
• You converted that distribution to a Roth IRA account in 2010 AND
• The related Form 1099-R had an amount in box 5 (employee contributions) AND
• In TurboTax, you didn’t verify that the amount in box 5 included contributions you made into the retirement plan yourself. That amount reduces the taxable amount of the conversion.

If you are affected, you may have overpaid your federal tax. You need to amend your federal tax return.Your state return may also be affected and you will need to amend it.

Note: If you elected to pay the tax on the amount converted to a Roth not in 2010 but in 2011 and 2012, you still need to amend your return to correct the amount to be taxed in those future years. That taxable amount will be transferred by TurboTax to your 2011 tax return.

If you need to contact us, please use the phone number in the email from TurboTax and tell the representative you’re calling about the Federal: Roth Conversion – after tax contributions.

Let us do the work for you. We highly recommend this.

1. Please download and print this Authorization Form.
2. Complete the form and fax it to us at the number printed at the top of the form.
3. A TurboTax representative will contact you (within 6 days) when your corrected return is ready to be securely emailed back to you.
4. You can print, sign and mail the corrected return to the IRS and your state tax authority, if your state return is affected.

Or you can make the corrections yourself. However, the amend process can be complex.

• To do it yourself, please follow these step-by-step instructions.
  • Amending your federal return and
  • Amending your state return
• After you make the changes to your tax return, you will need to mail a copy of...
  • Your federal return to the IRS and
  • Your state return to your state tax authority, if your state return is affected
• If you need assistance, call us at the phone number in the TurboTax email.