Carl, thanks for that! I'm 62, not retired, and I fully expected to pay tax on the conversion amount ($44,000). But TurboTax is telling me that the IRS will assess a 6% -penalty- PER YEAR (penalty, not tax) on the Roth deposit over $6,500. It's called an "excess contribution penalty." How can I tell TurboTax / IRS that this isn't an "excess contribution" but rather a "IRA to Roth conversion?"
