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1099-R (back door Roth conversion) - got message "Good news, you don't owe extra tax based on box 7 entry, but my taxes due rose by $1500.
The back door Roth (https://www.rothira.com/what-is-a-backdoor-roth-ira), should not have caused my taxes due to rise (rose by $1500). Turbo tax stated, "Based on your entry for box 7 on your 1099-R, you don't need to pay any extra taxes on the money taken out of this account." Is the taxes due a bug in the software?
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‎June 6, 2019
9:12 AM