Using Turbotax Premier Online. Entering data for ROTH CONVERSION but TT treats it as a contribution and says I contributed too much to Roth IRA and has a penalty.

Reviewed interview questions with TT support and they agree answer is wrong but don't see where I answered questions incorrectly

Best answer by DanaB27

Please do not enter the conversion as a contribution under Deductions & Credits. You will have to enter it in the retirement section:

Login to your TurboTax Account
Click on "Search" on the top right and type “1099-R”
Click on “Jump to 1099-R”
Click "Continue" and enter the information from your 1099-R
Answer questions until you get to “Tell us if you moved the money through a rollover or conversion” and choose “I converted some or all of it to a Roth IRA”
On the "Your 1099-R Entries" screen click "continue"
Answer "yes" to "Any nondeductible Contributions to your IRA?" if you had any nondeductible contributions in prior years.
Answer the questions about the basis and value

Answer

Employee Tax Expert

Please do not enter the conversion as a contribution under Deductions & Credits. You will have to enter it in the retirement section:

Login to your TurboTax Account
Click on "Search" on the top right and type “1099-R”
Click on “Jump to 1099-R”
Click "Continue" and enter the information from your 1099-R
Answer questions until you get to “Tell us if you moved the money through a rollover or conversion” and choose “I converted some or all of it to a Roth IRA”
On the "Your 1099-R Entries" screen click "continue"
Answer "yes" to "Any nondeductible Contributions to your IRA?" if you had any nondeductible contributions in prior years.
Answer the questions about the basis and value