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Get your taxes done using TurboTax
I take back my original answer.
The problem is that there is a problem because the converted amount is a distribution and that is considered RMD until the RMD is satisfied, and you can't put RMD into a Roth. Catch-22.
You can report your error but you do not have to pay any penalty up front.
you treat the converted amount as Roth contribution. If it is an excess, you can resolve it next year by using your allowed IRA contribution as an offset.
This is really arcane and as I said before in other threads, who's going to know this?
‎December 13, 2022
1:06 PM