I contributed $5,500 to a Traditional-IRA between Jan and Mar
2018. In March, $5,500 was converted to Roth. The contribution but not the
withdrawal was filed in the 2017 return (a 1099-R was not issue because the
withdrawal was done in Q1’2018).
Fast forward to July, 2018, I contributed another $5,500 to my
T-IRA and subsequently converted it that month to a Roth. This year, I received
a 1099-R from my bank, indicated a withdrawal of ~$11,000.
While filing my return for 2018, it appears everything enters
correctly (my deduction shows a T-IRA contribution of just $5,500), but, when I
go through the 1099-R prompts, I receive a message that I need to provide an
explanation for “withdrawal of excess traditional IRA contribution from 2017
or previous year.” What is causing this
prompt to appear and how do I correct for it? Is it because I report a $5,500
contribution in my deduction sections? Maybe that shouldn’t exist since the
account was converted (and empty) prior to year end of 2018?
