Converted Traditional to Roth. Distribution code on 1099-R is 7. Took 12.5 K ( 2.5 K withheld Federal) converted the 10K to Roth (same company). Got a 5498 showing the conversion amount of 10K. When I enter the Roth IRA It says I have a 6% penalty. How do I fix this. I seen people say you have to split the 1099R but not really explaining how to split it.
