@JohnB5677
Thanks for the response. I’m a bit confused, or maybe I wasn’t clear on my text. I had contributed my AFTER tax dollars to the traditional IRA, then converted this amount to Roth. I thought doing this should not tax this amount so it was being converted? The TurboTax program says “Good news you don’t have to pay additional tax on this amount”. However when I input my 1009-R it adds a tax burden to my total. Would this amount decrease after I finish my “deductions and credits section”?
It wouldn’t make sense for me to pay taxes on my income, convert it to a Roth IRA but pay additional taxes on it?
Hence my question at the part “Any Nondeductible Contributions to IRA?” I did contribute $6000 for year 2022 but this was then all converted to Roth. From my previous 2021 on line 14 8606 I have the amount of $2722. When it asks “Any Nondeductible Contributions to IRA?” it mentions to enter the amount on line 14 from the most recent 8606.
Can someone please help clarify this for me? Thank you!
