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Basic IRA to Roth Conversion - is 5329-T required and 6% tax
Hi,
I did a basic IRA to Roth conversion in 2020.
TurboTax is including the form 5329-T and imposing a 6% tax for excessive ROTH contributions.
I'm over 59-1/2 so there's no 10% penalty.
I was told that this 6% is not required.
Is this a TurboTax bug?
TIA
‎April 2, 2021
6:03 AM