In Feb 2020 I made a $6,000 non-deductible contribution to my traditional IRA for the 2019 tax year. I then converted that $6,000 to my Roth IRA that week for the 2019 tax year. For some weird reason, my 1040 on line 4b is showing a taxable amount of $6,000 and I am noticing my federal and state refund have dropped dramatically. I already entered in my IRA deduction, which resulted in a $0 deduction because I am over the income limit, however when I enter my 1099-R information [Box 1 6000, Box 2 6000, Box 2b Taxable amount not determined & Total Distribution both checked, Box 7 2-early distribution (except Roth IRA), IRA/SEP/SIMPLE checked] my refund goes down significantly. Unsure what I am doing wrong here, does making the contribution after Jan 1 2020 require me to do anything additional? Thank you in advance
