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IRA conversion to Roth IRA

I converted $100,000 from my traditional ira to a Roth IRA in 2025. It appears turbotax is treated it as an excess contribution to a Roth IRA subject to addtional tax.  I selected conversion in the section.  This additonal tax seems incorrect. What should I do to correct this in Turbotax premire.

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3 Replies

IRA conversion to Roth IRA

Did you enter it under Deductions & Credits?   Only enter the 1099R.   Or do you have yo take the RMD?   You can’t convert the RMD amount.   You have to take a distribution for the RMD or you will have an excess accumulation penalty.

IRA conversion to Roth IRA

I entered the 1099r under the income section.  It is not an rmd. 

IRA conversion to Roth IRA

Hey Volvo Girl!

 

You were right on.  I had an entry in the deductions and credits that caused the problem.  That additional tax is gone. Hurray,

 

Thanks so much.

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