Retirement tax questions

The only way that it can say your contribution was too high would be if you entered something in to the IRA contribution interview.   A Roth *conversion * is NOT a contribution and ONLY is enter into the 1099-R interview.

 

Go to the IRA contribution interview for Roth and remove any entry you made.   The 1099-R interview asks if you moved the money to another retirement account - say yes and then say that it was converted to a Roth.

 

 

Go here and if the Roth box is checked, uncheck it and press [continue] to remove the entry's.

 

Enter IRA contributions here:
Federal Taxes,
Deductions & Credits,
I’ll choose what I work on (if that screen comes up),
Retirement & Investments,
Traditional & Roth IRA contribution.

OR  Use the "Tools" menu  (if online version under My Account) and then "Search Topics" for "ira contributions" which will take you to the same place.

 

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**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**