To clarify, did you get a penalty warning or just a notification that your income is too high to deduct the traditional IRA contribution? If you got the notification that your income is too high to deduct the traditional IRA contribution then you can still make the contribution. You just cannot deduct it.
You can always convert funds from traditional IRA to Roth IRA and there is no limit. Please make sure you do not enter conversions in the IRA contribution section. They are entered in the retirement section by adding your Form 1099-R for the conversion and indicating the conversion in the follow-up questions. Please see Where do I enter my 1099-R?
If you made a contribution for 2024 then you will enter this in the IRA contribution section on your 2024 tax return. The conversion made in 2025 will be reported on your 2025 return.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
