- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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?
March 16, 2023
12:06 PM