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Get your taxes done using TurboTax
Thank you for highlighting the problem. It is solved now.
The issue was that I contributed for 2021 non-deductible IRA in 2021, but by mistake put the contribution in Jan 2022 (the Jan contribution I did was for year 2022, not 2021). After changing "contribution made between Jan1 and April" to 0, in Traditional IRA contribution, the issue got resolved, and there is no additional tax.
March 14, 2022
11:49 AM