TR571
New Member

Get your taxes done using TurboTax

TurboTax is correctly calculating the income tax due on my traditional to Roth IRA conversion (including accounting for the non-deductible contributions of the conversion).  However, it continues to calculate a 6% penalty because the "contribution" amount is above the contribution threshold even though the entire "contribution" was due to the conversion.  How can I make TurboTax not assess this penalty?