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Retirement tax questions
I'm having the same issue.
1) I put post-tax money in a non-deductible IRA
2) I immediately rolled it over to a Roth
3) I received a 1099-R for the traditional IRA distribution
4) Add the 1099-R to Turbo Tax. My tax obligation increases
5) I answer the question that the distribution was to a Roth conversion
6) The tax obligation does not go away
You should not have to pay tax on a non-deductible IRA to Roth conversion so why is it trying to tax me?
‎April 5, 2020
3:14 PM