Hi,
1. For 2019, I am making both the maximum Roth contribution and a Roth conversion this year. Therefore, there is no traditional IRA contribution this year.
2. The conversion leverages funds in my traditional IRA account that were deposited in earlier years.
3. The traditional IRA account has nondeductible contributions (from earlier years), as well as deductible contributions and tax deferred investment growth. Hence I need to split my conversion between taxable and non-taxable portions and pay tax on the taxable portion.
4. However, TT doesn't prorate the conversion amount - it puts the entire conversion as taxable.
I have tried to delete and re-enter both the 1099-R and my Roth IRA contribution, but to no avail. FWIW, I suspect this is happening because this conversion is not a real backdoor conversion - since I haven't made any traditional IRA contribution this year.
Has anyone run into this problem?
TIA.
