I converted (same day) an after-tax contribution to my traditional IRA to a ROTH-IRA. So, I should not be taxed for it.
However, when I enter the 1099-R info in Turbo Tax (Premier) it calculates tax on the amount (at my marginal tax bracket), as if my IRA were a pre-tax contribution. :(
please advise how best to account in Turbo Tax (Premier) for the fact that my IRA was an after-tax contribution, and therefore I should not be taxed for converting it to a ROTH-IRA (the same day).
Thx!
