I rolled over a large amount of a 401k to a Roth IRA.
Why does TurboTax keep saying I am limited to $6,000 only without having a 6% penalty every year?
I paid the taxes out of pocket. I moved the money from a 401k at my job directly to a new Roth IRA account at my job.
TurboTax Flags:
You have an Excess Roth Contribution.
Income Too High to Deduct an IRA Contribution.
