I'm in a similar situation to the original poster. It seems weird that the distribution from 401k to IRA and then the subsequent conversion from IRA to Roth is counted as 'income' twice. It's the sam...
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I'm in a similar situation to the original poster. It seems weird that the distribution from 401k to IRA and then the subsequent conversion from IRA to Roth is counted as 'income' twice. It's the same pot of money, so why does it appear in turbotax as double the income? For example if $5,000 was distributed from 401k to IRA then $5,005 is converted from IRA to Roth IRA, it shows up as $10,005 in income on turbotax (I get it that the second conversion is taxable, but it's the same $5k not new money) In review the AGI includes the $10,005, however it would seem that the actual income is $5,005.