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Get your taxes done using TurboTax
This method is not working! If I upload both 1099 from ROTH IRA and Traditional IRA, It looks like I am getting taxed on $13k! And you are saying I should not select Traditional IRA and only do the ROTH:
Here is the part which requires me to select yes for both Traditional and Roth IRAs:
Did you Contribute To a Traditional IRA?
( Note: Answer yes if you contributed to a traditional IRA and later converted some or all of it to a roth)
This is unnecessarily complicated for such a simple task of only report the capital gains from the conversion as taxable income. I know there is something wrong, since tax due is increase by more than the tax amount associated with the capital gain.
‎April 9, 2022
1:54 PM