This same thing happened to me doing my 2023 taxes. We had converted 28,000 from a traditional IRA to a Roth IRA. I then made the mistake of entering it as a Roth contribution. It's actually a Roth conversion or rollover from a traditional IRA. If you enter it as a contribution, because it exceeds the contribution limits, TurboTax will add a penalty and increase the amount of tax owed. Don't enter anything for Roth contributions. You're already covered by the previous questions in the section about retirement distributions. Now, if you did make a contribution that wasn't a conversion and is above the contribution limits, you will owe a penalty which will increase your tax liability.
