I have a traditional IRA with non-deductible contributions that were made prior to 2004. I would like to transfer the "basis" of the remaining non-deductible contributions into a Roth IRA.
Most of the questions here involve "back-door" IRAs with same tax year non-deductible contributions. Since my "traditional" IRA has no current year contributions, how do I enter the conversion? I tried using both "current year Traditional and Roth" checkmarks, but the conversion shows up as excess contribution with penalties, since the amount is more than $7000 and I have no "earned income".
