Hi there,
I'm trying to report a backdoor Roth conversion, but am having some issues and have followed many of the steps on other threads. Like many others I am getting flagged as making "excess contributions" and receiving a 6% penalty for making the maximum $7K contribution.
The key difference in my scenario is I had a nonzero balance in my Traditional IRA at the end of 2025 (I thought I only needed a nonzero balance when I made the contribution), so I'm not sure if that's why, but I haven't been able to reach the screen where I am able to specify the amount of nondeductible contributions.
I have deleted the IRA deductions & credits and redone them as well as deleted and re-added all my 1099Rs; just to see if that would change anything, but I'm still getting a 6% early withdrawal fee penalty. Again it doesn't seem like I should get a penalty (and I definitely don't want to be getting this penalty yearly), if it's a backdoor conversion.
I'm trying to use TurboTax to self-report, and not have to go to a CPA, so is there any way to correct it and do it on this platform? Should I file the 8606 separately somehow or amend it later? Just trying to understand my options, thanks!
