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Retirement tax questions
Thank you. I reviewed your return. You entered a recharacterization in the IRA contribution interview you need to delete the entry on the "Tell Us How Much You Transferred" screen.
Please note since you entered a value on December 31. 2024, part of your conversion is taxable according to the pro-rata rule.
FYI, TurboTax is using Taxable IRA Distribution Worksheet instead of Form 8606 per Pub 590-B to calculate the nontaxable portion as indicated by the * next to line 13.
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March 19, 2025
5:38 AM