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74driver
New Member

This isn't a tax question, it's an algorithm/software question. Non-deductable IRA full conversion to ROTH IRA should be non-taxable. Why is Turbotax software taxing it?

 
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2 Replies

This isn't a tax question, it's an algorithm/software question. Non-deductable IRA full conversion to ROTH IRA should be non-taxable. Why is Turbotax software taxing it?

If your IRA has grown at all, (i.e. earnings) you will have to pay tax on those earnings upon doing a full conversion.

This isn't a tax question, it's an algorithm/software question. Non-deductable IRA full conversion to ROTH IRA should be non-taxable. Why is Turbotax software taxing it?

You probably have not entered it properly.

 

When did you make the non-deductible contribution and for what year?

 

Did you enter that contribution in the IRA contributions section?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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