I made a contribution to my Traditional IRA in 2018, and rolled over to my Roth IRA in 2019 along with my 2019 Traditional IRA, which led to a gross distribution amount of 11k on my 2019 1099-R form. When I entered the 11k into Turbo Tax, my federal tax went up by $1300.
I heard that you can go back 5 years with the back door conversion. How can I enter the info into Turbo Tax to reflect part of the gross distribution from 2019 was actually contributed in 2018? to avoid paying 1300 tax.
Thanks!
