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Retirement tax questions
Your $44,000 Roth conversion occurred in 2023, not in 2022. As DanaB27 indicated, you must amend your 2022 tax return to remove the substitute Form 1099-R that you mistakenly entered and enter the $44,000 2023 Form 1099-R into 2023 TurboTax. You'll receive a tax refund of the excess taxes you paid for 2022.
In the future, make sure to account for the IRA custodian's processing time to make sure that the Roth conversion can be performed by the end of the year.
‎April 10, 2024
9:55 AM