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Retirement tax questions
Here we are in 2022, i'm confronting the same issue, except the normal IRA distribution [part cash out, part RollOver to Roth IRA] entered correctly in 'Wages & income' section was flagged in 'Deductions & Credits'
as excessive contribution to a Roth IRA when it was IRA Rollover to a ROTH Ira, with No limits, it complained about $7K limit as if i was contributing from non IRA to Roth. TT should have figured out when i entered the 1099R info, it was a Direct Rollover from an IRA to a Roth IRA. i took early retirement since covid and started
cashing out IRA in addition to Rolling over some IRA distribution to ROTH directly with same brokerage.
Is this a Bug or what?
‎February 8, 2023
4:43 PM