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Retirement tax questions
What if the Balance as per Form 5498 is not zero? In my case, I converted $633 prior to 12/31/2019 and rest of $5367 was converted on Jan 1, 2020. The total amount contributed was $6000 for 2019 as non deductible IRA from post tax dollars. How do I make Turbo Tax keep my $633 contribution to IRA (and then conversion) as non taxable? If I make my balance at the end of the year to $0 when asked by Turbo Tax, it becomes non taxable otherwise, it becomes taxable.
‎February 18, 2020
4:45 PM