Here is my problem. I contributed $7,000 to Traditional IRA in March 2021 for the prior year 2020 and converted to ROTH IRA for tax returns 2020. I later contributed $7,000 to Traditional IRA in Aug 2021 for the Year 2021. I received 1099-R for $14,000.03 for 2021. Upon my entry, I am charged about $3,200 in additional taxes
I contacted TurboTax online help. Two of them tried and gave up. They agree it should not add to my tax bottom line and gave up. One gentleman who helped me asked me to change the way entry is done and asked me to uncheck Taxable Amount Not Determined and make Taxable Amount 0.00 while in the form it is checked and the taxable amount shows $14,000. By doing so, it did not add to taxes. But I felt I cannot alter the content of the form. He said the explanation clarifies. This makes me uncomfortable. Contacting two others gave a different answer. One of them said, there is no backdoor and the other just showed how to enter 1099-R
My expectation is to add Zero dollars to my taxes because I contributed an amount to Traditional IRA that has not been deducted from my taxable income. I immediately converted to ROTH IRA. Any help in how to account for this is appreciated.
Am I wrong? Please advise
