Hello: Near the end of 2023, my wife and I both made a traditional to roth ira conversion. I entered the amounts for my wife and myself ($6500 each). And the software shows a $0 credit, which is of course correct. But then, upon importing the 1099Rs today, it took out taxes for the gross distributions of the total amount in each account (this number is in both boxes 1, 2, and 16. I had been thinking that this wouldn’t lead to an increase of taxes over and above the income that had already been recorded, seeing as I had already made it clear that the Traditional IRAs had been converted to Roth (the software uses the term ‘recharacterized,’ even as I didn’t think that was the appropriate term here). At any rate, based on this does anyone have any insight into whether this is correct or if I might have mis-entered something, resulting in getting double-taxed?
