- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Started Trad IRA in 2024 with post tax cash and immediately converted to a Roth. Now I can't figure out how to enter into TT
Opened a Trad IRA in Dec 2024, funded with $8K post taxes cash (I'm over 50). A day later rolled it into a Roth.
Now I'm doing my taxes and TT imported from Fidelity my 1009-R. In the income section I answered the retirement 1099-R questions, it said "congrats, you won't have to pay taxes". and I thought that was it.
Now I'm in the deductions section, under retirement, and I filled that section out and what I need to pay jumped up, and it thinks I put too much $$ into my Roth. It's double counting.
Where did I go wrong? And how can I specify the original Trad. IRA was opened with post tax money?
‎April 13, 2025
3:27 PM