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Level 1
February 25, 2020
Question

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?

  • February 25, 2020
  • 2 replies
  • 4 views
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2 replies

fanfare
Level 15
February 25, 2020

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

macuser_22
Alumni - Champ
Alumni - Champ
February 25, 2020

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.**