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Retirement tax questions
Same circumstances as others except I have $$ left in my traditional IRA. I have a traditional IRA to which I have been contributing since 2012, all non deductible. Since 2018 I started taking chunks to convert to Roth. How can I tell if my taxable amount is correct on turbotax? Last years conversion (1st one) resulted in no tax and this year it’s quite significant, increasing my taxes by almost $1k. I did the contribution section as well but I need to verify TurboTax is properly calculating the taxable amount. How can I see that? I also missed a contribution which I did in 2019 for 2018 so that would increase my basis. Help please
June 28, 2020
8:21 PM