dmertz
Level 15

Retirement tax questions

You calculated incorrectly by failing to add the conversion amount to the year end value used in the denominator.  The correct calculation of the nontaxable amount is:

 

$7,947 * $11,000 / ($7,947 + $160,697) = $518

 

resulting in a taxable amount of

 

7,947 - $518 = $7,429

 

exactly in agreement with TurboTax's calculation.