In Nov 2023 I made $7500 contribution to my Traditional IRA. I did not convert this $7500 to Roth IRA until Feb 2024
In Nov 2024 I made $8000 contribution to my Traditional IRA. Converted $8000 to Roth IRA in Dec 2024 (over 50)
Gross distribution from Traditional IRA for 2024 is $15500. When inputing into Turbo tax the amount over $8000 in the Gross distribution is getting taxed at max rate. This is double taxation as all these funds are all non deductible and I have only converted the original funds. I was under the impression that the time of conversion was not critical, just the contributions. Am I wrong or is Turbo Tax wrong?