I am 66 years old. I converted $40,000 from a traditional IRA to a Roth. Turbo tax is saying that I must pay a 6% penalty. Is that correct?

jetjf5 · ‎June 1, 2019

SweetieJean · ‎June 1, 2019

Enter the 1099-R in Federal > Wages and Income > Retirement. One of the follow up questions asks about Roth conversions.

Do not enter anything as a Roth contribution. If you did so, delete it.

Retirement tax questions