I made a
$6500 nondeductible contribution to my IRA, then I converted this
nondeductible IRA to a Roth. Its not being reporting it correctly Turbo tax states "You are not eligible to make a contribution to your Roth..."
I have A 1099R for the $6500 Distribution, and a 5498 indicating $6500 Roth IRA conversion. How do I get Turbo Tax to handle this correctly?
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See the step by step instructions below.
Based on the message 'you are not eligible to make a contribution to your Roth...' it sounds as if you entered the Roth contribution in the IRA contribution section. That is not correct. Entering the Form 1099-R effectively takes care of the Roth portion of the transaction.
https://ttlc.intuit.com/replies/6768029
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