Hello there!
I am moving over two old work retirement Roth accounts to a different Roth IRA account. Part of each old account are traditional IRA dollars. Company match was traditional dollars and rest of accounts (larger portion) are labeled Roth dollars.
So the dollars made its way over with (say) $5000 going to a rollover (traditional) account, which was the portion that was non-roth from the two accounts. Then i moved the $5000 from the traditional rollver account to the Roth where everything else was.
Turbo tax is saying I went over on the contribution by $5000 in my Roth.
What I thought was i could just move the $5000 traditional during this process and just pay taxes on that $5000.
What I fear is that I couldn't give any of that $5000 to the Roth (let's say i already maxed) and I have to go through the process of pullout the 5,000 dollars, pay taxes on money it made ....
Hoping for a way around this in turbotax if what I thought (and not feared!) is correct.
Thank you
