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Retirement tax questions
Thank you Employee Tax Expert for your reply.
I made a conversion from my traditional IRA to Roth IRA and had taxes withheld.
I made a nondeductible contribution in 2022 within 30 days to replace the taxes withheld, from post tax funds.
This nondeductible 'contribution' does not show up in the 1099-R form, but does show up in
a 5498 form.
If I try to enter it as an IRA contribution later in turbotax, it wants to charge a 6% Excess IRA Contribution.
March 3, 2023
4:37 AM