Back Door Roth

Hello,

 

I contributed to my Traditional IRA  for 2019 in February 2020, and a few days later had it recharacterized to my Roth IRA.  My husband did the same thing.  I am doing my taxes now, and Turbotax is giving me a message that our Modified AGI is above the current Roth limit and that our recharacterizations are excess contributions.  

Information and knowedge is very much appreciated!