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How do I account for the pre-tax earnings (ordinary income) in Turbotax from an after-tax 401k contribution conversion to a Roth IRA?
I took a distribution of my after-tax contributions from my 401k and converted them into a Roth IRA contribution. The earnings come out at the same time and are designated ordinary income. I understand I need to pay taxes on this but I can't figure out how to account for this in Turbotax software.
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March 19, 2022
6:47 PM