I over contributed to my non-deductible IRA in 2021 by $3000, and then rolled over all contributions to a Roth IRA.
I'm not quite sure where to start to get this info into TurboTax to have it calculate things correctly. The best I've seen is that TurboTax asks for the amount in all of your Traditional IRAs at year-end, which in my case is zero. But I think that is taking into account that the money wasn't just withdrawn - it was rolled over to a Roth. So there is still some penalty to account for?
Summarizing:
1) Excess contribution of $3000 in 2021 to traditional IRA
2) Invalid rollover of excess contribution to Roth
My questions are:
1) How to enter this into Turbo Tax?
2) What are the penalties/accounting for the amounts so that I can double check?
3) What forms does this info end up on?
4) Any other reference/reading material on handling this situation?
