@bcarroll0707 wrote:
2023 taxes, filed in 2024. No balance in IRA except a few days post deposit until settled and then converted.
Did you report the traditional IRA contribution as tax-deductible? If so, then you took a deduction on the contribution and paid tax on the conversion. Your refund might change depending on what order you added the transactions to your return.
If you reported the IRA contribution as non-deductible, and did not have any other traditional IRA funds, then the conversion would not be taxable. However, having $7000 of unearned income might have changed your eligibility for something else. The only way to know is to go back and review your 2023 tax return, no one here can do that for you.
If you see the same thing happening in 2024, you can post here when it happens and we may be able to walk you through some troubleshooting steps. You might want to use the Desktop version installed on your own mac or PC, instead of the online version, since the desktop version allows you to directly view the forms and worksheets to see what is changing.
