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Retirement tax questions
Yea thanks, I tried that but it didn't work.
I entered the $5k IRA into Turbotax…my tax owed went up slightly right away for some reason.
I then entered all the info for the IRA, then it told me “Income Too High To Deduct an IRA Contribution”, so forced me into making it non-deductible, and showed me I’m over the limit of $136k AGI, even though I’m married filing jointly, where that limit is much higher.
I then tried entering my 1099-R that shows my conversion, and it just added more tax even though I’m sure I entered all the questions right.
It's getting hairy, I will try to speak to someone at turbotax.
February 16, 2024
11:08 AM