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Did you answer the questions in TurboTax that you had nondeductible contributions in the traditional IRA? If you had only deductible contributions in the traditional IRA then the conversion would be taxable.
Please use the following instructions to enter a "Backdoor IRA" to ensure it is calculated correctly in TurboTax:
To enter the nondeductible contribution to the traditional IRA you made in 2018:
To enter the 1099-R distribution/conversion:
Did you answer the questions in TurboTax that you had nondeductible contributions in the traditional IRA? If you had only deductible contributions in the traditional IRA then the conversion would be taxable.
Please use the following instructions to enter a "Backdoor IRA" to ensure it is calculated correctly in TurboTax:
To enter the nondeductible contribution to the traditional IRA you made in 2018:
To enter the 1099-R distribution/conversion:
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