Hi there
- I started a IRA in Dec 2019, and converted to a Roth IRA in the same month, before Dec 31st
- The conversion was for the full balance of ~$6K
- Received a 1099-R from the administrator with relevant info to enter into tax forms
- When entering the information into Turbotax, as soon as I enter the info, my refund evaporates as if it is charging me the $6k being taken out as a distribution
HOWEVER - once completing the entries into Turbotax, I get a definitive message that "I do not owe tax on this money", which makes sense given it was a conversion, not a distribution
But it then makes no sense that Turbotax is still recording it as a distribution and calculating Tax. Once I do the final check on the Federal it also quotes this as a distribution.
Hence it seems like an error somewhere. Anyone got any ideas?
