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I did a Roth IRA conversion and answered all questions on TurboTax correctly. However, TT made my $6500 contribution taxable. What should I do to make it non-taxable?

I need to make my 1040 form line 4b be 0, but I can't figure out how to do that through answering TurboTax's series of questions.
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2 Replies

I did a Roth IRA conversion and answered all questions on TurboTax correctly. However, TT made my $6500 contribution taxable. What should I do to make it non-taxable?

A Traditional IRA conversion to a ROTH IRA is normally taxable.  Why do you think it shouldn’t be taxed?  Did you have a after tax basis in the IRA?  And why do you mention a contribution?  Are you doing a back door contribution?  

I did a Roth IRA conversion and answered all questions on TurboTax correctly. However, TT made my $6500 contribution taxable. What should I do to make it non-taxable?

If your IRA has been funded with deductible contributions, generally you won't be able to do a tax-free "backdoor contribution" to a Roth IRA.

 

@celerityseiche 

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