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Deductions & credits
I forgot to mention, I converted $20000 of traditional IRA to Roth IRA in 2022; I already entered that in Turbo tax. The carryover Roth basis $15000 is to be entered as a 2022 contribution? I don't understand.
As for the carryover State and local taxes amount, it's considered a prepaid taxes for 2022? That amount I already paid to the State in 2021. It doesn't make any sense to me that it's a carryover deductible for 2022. please explain.
‎February 26, 2023
6:02 AM