Get your taxes done using TurboTax
It appears to be an issue with how you entered the transaction in TurboTax, assuming you made a non-deductible contribution to your traditional IRA. Otherwise, the rollover/ conversion to the ROTH IRA would taxable.
Make sure you entered a traditional IRA contribution in TurboTax for the $7,000 and indicate that it is non-deductible. Enter the Form 1099-R into the program and indicate that it was from a traditional IRA. Also indicate that you moved the money to another retirement account and did a combination of rolling over, converting, or cashing out the money, and enter the amount you converted to the IRA:
You also must enter the value of your IRA, SEP or Simple accounts at the end of the year when asked.
[Edited 3/26/25 at 9:04 AM PST]
