r3al
Level 1

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.