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Get your taxes done using TurboTax
You do not have an excess contribution, assuming you had enough compensation to make the $7,000 nondeductible traditional contribution. A conversion is not a new Roth IRA contribution. Do not enter it as Roth IRA contribution in the IRA contribution section. Also, make sure you don't enter a recharacterization in the IRA contribution section. The "Tell Us How Much You Transferred" screen in the IRA contribution interview is for recharacterization not conversion.
The conversion is entered in the retirement section only.
Please review the instructions for backdoor Roth.
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March 3, 2025
12:42 PM