ThomasM125
Expert Alumni

Retirement tax questions

I believe you mean you converted money from your traditional IRA into a Roth IRA.

 

You should not have gotten the error message from entering the Form 1099-R. It is possible you entered a Roth IRA contribution to report the money going into the Roth IRA in addition to entering the Form 1099-R reporting the rollover. That would be incorrect, but may lead to the error message you are receiving. You would not enter a Roth IRA contribution if you did a rollover, you would just enter the Form 1099-R.

 

Another possibility is that you contributed $8,000 to a traditional IRA in 2024 and then attempted to recharacterize $10,000 into the Roth IRA. That would be interpreted by the IRS as contributing $10,000 to your IRA, which would put you over the annual limit. Instead of doing that, you would need to report $8,000 as the amount recharacterized and the additional $2,000 would have to a Roth IRA conversion, as mentioned in the first paragraph. 

[Edited 3/10/25 @6:27 PM PST]

@abutaghizadeh 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"