Anonymous
Not applicable

Retirement tax questions

I am in a similar situation (for 2015 and 2016) but i have a different question.

I contributed $5500 to Roth in 2015, got married in December and because of the combined income, i was no longer eligible for Roth contributions. Vanguard suggested that they recharacterize this contribution into Traditional and convert it back to Roth. This happened before tax filing in 2016 and Form 8086 captures this correctly.

I also contributed $5500 to Traditional for the year 2016 and converted it to Roth.

I received a 1099-R for 2016 with $11,000.

I am entering $5500 was contributed to Traditional for 2016 and was converted to Roth so that doesn't have any tax implication but the other $5500 (of the $11,000) is unaccounted for and turbotax says i owe ~$2000 taxes on them.

How do i handle this situation in turbotax.