I did two Roth conversions in Jan. of 224 and two in March of 224. Turbo tax is showing that I owe penalty for underpayment. I noticed that on my IRA information work sheet that these conversions are showing up on line 35 as " Conversion contributions taxable at conversion" as opposed to line 36 "Conversion contributions not taxable at conversion." I am assuming this is the issue. Why would this be happening and how can I correct it? just a note I haven't paid quarterly taxes for about 4 years since I retired from being self employed. Thanks.
