Hello - I plan to convert some funds from my 401K (tax deferred plan) to Roth IRA for the 2022 tax year. I am using the 2011 TurboTax Premier CD disk version as a test to see how the TurboTax input works and what forms it would generate. I saw a TurboTax forum discussion from a year ago that says to go to "Deduction" section, and then the retirement investment topic to do the input by inputting the converted amount as Roth IRA conversion, and then go to the wage and income section to input the converted amount as non-deductible IRA? But when I input the converted amount (i.e., $30,000) as Roth IRA contribution, the TurboTax software came back and said I have excess contribution and calculated a 6% penalty. It doesn't seem to show what the instruction indicated in the discussion forum. I am retired and do not have any wage earning in 2022. Please advise me the input steps. Thank you.
