Level 7
This widget could not be displayed.

Retirement tax questions

I converted (same day) an after-tax contribution to my traditional IRA to a ROTH-IRA. So, I should not be taxed for it. 

 

However, when I enter the 1099-R info in Turbo Tax (Premier) it calculates tax on the amount (at my marginal tax bracket), as if my IRA were a pre-tax contribution. :( 

 

please advise how best to account in Turbo Tax (Premier) for the fact that my IRA was an after-tax contribution, and therefore I should not be taxed for converting it to a ROTH-IRA (the same day).  

 

Thx!