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Traditional IRA contribution increases refund even though all was converted to Roth
I contributed $6K into a Traditional IRA I set up earlier this year. I immediately converted it to my Roth IRA account. I already filled out the 1099-R section (Wages & Income) indicating I converted all of the money to a Roth IRA account. However, when I try to report the contribution (Deductions & Credit), it increases my Federal Refund even though the 1099-R says I converted it all to Roth (additional, says income too high to deduct IRA contribution not that that should matter in this situation). Any ideas? I read the FAQ on reporting backdoor contributions and have double checked my responses, but no luck.
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‎February 17, 2020
12:22 AM