Hi experts,
I was over my MAGI for my roth IRA contribution for 2023 so I made an after tax contribution to my Traditional IRA for 6500. I forgot to convert it the same day so a few days later I did a conversion to Roth IRA and the money grew to 6510. My limit of contribution for traditional IRA is 6500.
I was entering my 1099R in turbo tax and realized the form said the taxable amount is 6510. with taxable amount not determined box checked and total distribution box checked. Distribution code is 2 - early distribution.
The program then asked whether I have any non-deductible contributions to my IRA. I put down yes because i received a 8606 form for year 2022. I used turbo tax before and I also did a conversion in the year 2022. So it prefilled 1000 for me.
Am I supposed to enter the 6510 together with my 1000? I tried to just go with 1000 and i ended up getting taxed on my whole 6510. Please help!
Thanks in advance!
@DanaB27
