- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Issue with Roth IRA Conversion
During 2025, I contributed $7,000 in post income tax dollars to a traditional IRA, and immediately converted that account into my existing Roth IRA. I had never made any prior contributions to that traditional IRA. When I upload and go through my 1099-R in turbotax premium and answer each of the prompts, it is adding $7000 to my total taxable income when in reality, the distribution should be excluded due to the fact that it was initially contributed to the traditional IRA with post tax dollars and immediately converted. What am I missing here in the prompts to get turbotax to recognize this? Thank you!
yesterday