dmertz
Level 15

Retirement tax questions

That seems to be exactly as it should be, only $265 of the Roth conversion is taxable.

 

The asterisks indicate that TurboTax is using Worksheet 1-1 from IRS Pub 590-B to calculate the nontaxable amount of the Roth conversion.  This worksheet is included when you obtain the tax return with all worksheets.