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Retirement tax questions
I've read this from several sources, that converting to Roth should not count against MAGI for making a RothIRA contribution. My problem is that TurboTax says it does count. No matter how I enter a simulated 1099-R it adds the rollover amount to MAGI and declares my RothIRA to be excess contributions. If there is some magic combination of codes for Box 7 of the 1099-R to make this work, I can't find it.
‎December 14, 2022
11:05 AM