@JenNC wrote:
In the Turbotax CD questionairre, for Traditional IRA and Roth IRA, If I put non-deductible funds into an IRA in Jan'20 for 2019 tax year, then plan to convert these funds to a Roth before Apr 2020, for the Question "Select the kind of IRA(s) you will contribute to this year, do I select both IRA and Roth or just IRA?
When I entered my IRA and Roth contributions using the Turbotax questions, my refund decreased. I don't think it should have changed. I contributed the $7000 for 2019 tax year and in Jan 2019 I contributed $6500 to IRA then converted these $ to Roth 4 wks later.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
