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Tax was withheld from the total amount of distribution. Net amount of check was deposited into the Roth. According to Turbo Tax, I can only deposit $6500 per year to a Roth. Prior to April 18, 2017 can I transfer the overage to a traditional IRA and avoid additional taxes and/or penalties?
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Do not enter under Deductions & Credits anything regarding this rollover. It is not a new regular contribution to your IRA. Enter the distribution and rollover by entering the Form 1099-R under Wages & Income -> Retirement Plans and Social Security -> IRA, 401(k), Pension Plan Withdrawals (1099-R), then answer the follow-up questions.
The April 18, 2017 date has nothing to do with this since it is a rollover, not a new regular contribution.
Do not enter under Deductions & Credits anything regarding this rollover. It is not a new regular contribution to your IRA. Enter the distribution and rollover by entering the Form 1099-R under Wages & Income -> Retirement Plans and Social Security -> IRA, 401(k), Pension Plan Withdrawals (1099-R), then answer the follow-up questions.
The April 18, 2017 date has nothing to do with this since it is a rollover, not a new regular contribution.
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