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Why do I owe a penalty for Excess contribution to Roth IRA when it was aconversion from a Traditional IRA to a Roth IRA?
My 2018 distribution from a traditional IRA covered my RMD plus an additional amount for conversion to my Roth IRA. Turbo Tax concluded that the entire Roth "contribution' amount was excessive and subject to a penalty.
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‎June 5, 2019
11:51 PM