"would be a conversion, " if you cheat on your tax return.
You told turbotax what you did and TurboTax pointed out the error.
You can submit Return of excess plus earnings to straighten this out.
If you are partly in excess (phase out) you have to remove more than the excess because the removal increases your income and leaves you still with an excess so it is simplest to have the entire contribution returned.
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return of excess contribution:
before tax filing date including extension: positive earnings allocable to the excess are included in income on 1040 Line 4b for the year of the contribution. negative earnings are ignored; in any case, for purposes of basis, consider the original contribution amount as returned.
["Include the earnings in income for the year in which you made the contributions, not the year in
which you withdraw them."]
You must have a) filed by tax day, or b) requested an extension of time to file by tax day to take advantage of the Oct 15 deadline.
positive earnings removed are no longer penalized 10% if you are under age 59 1/2. (eliminated in 2023)
Consult your custodian to obtain the correct removal form for :excess plus earnings".
@KASinOR
