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Get your taxes done using TurboTax
I wasn't anywhere near the contribution limit.
I went back and looked over my original return a little closer and I see what I did now:
1: I entered the 1099-R under "IRA, 401(k), Pension Plans (1099-R)"
2: I entered the Roth IRA info under "Traditional and Roth IRA Conversions" but did not enter any Traditional IRA info as I figured this was taken care of in step 1.
3: I entered the Roth Contributions as the total of the Traditional IRA converted amount and the Roth IRA contributed amount.
If I leave everything as is but correct the Roth IRA amount to the actual contribution amount I end up owing the IRS $19.
Does that sound about right -- only needing to fix up the Roth contribution amount?
‎August 4, 2020
5:49 PM