https://ttlc.intuit.com/community/tax-credits-deductions/discussion/my-roth-ira-contribution-is-being-deducted-from-the-amount-of-my-conversion-from-a-traditional-to/01/2106867#M197811 <P>I am converting $15,000 of a traditional deductible IRA to a Roth IRA. I am also making a $5,000 contribution to my Roth IRA.&nbsp; Turbotax is reducing the taxable amount of my conversion by the contribution amount. Why is that happening when the Roth IRA contribution should not be deductible?</P> Thu, 18 Mar 2021 23:13:36 GMT davewonline 2021-03-18T23:13:36Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/my-roth-ira-contribution-is-being-deducted-from-the-amount-of-my-conversion-from-a-traditional-to/01/2106867#M197811 <P>I am converting $15,000 of a traditional deductible IRA to a Roth IRA. I am also making a $5,000 contribution to my Roth IRA.&nbsp; Turbotax is reducing the taxable amount of my conversion by the contribution amount. Why is that happening when the Roth IRA contribution should not be deductible?</P> Thu, 18 Mar 2021 23:13:36 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/my-roth-ira-contribution-is-being-deducted-from-the-amount-of-my-conversion-from-a-traditional-to/01/2106867#M197811 davewonline 2021-03-18T23:13:36Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-my-roth-ira-contribution-is-being-deducted-from-the-amount-of-my-conversion-from-a-traditional-to/01/2107159#M197840 <P>Sounds like you entered the contribution as a non-deductible Traditional IRA contribution and not a Roth contribution.&nbsp; Delete the contribution and see if the tax is correct.</P> Fri, 19 Mar 2021 00:11:54 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-my-roth-ira-contribution-is-being-deducted-from-the-amount-of-my-conversion-from-a-traditional-to/01/2107159#M197840 macuser_22 2021-03-19T00:11:54Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-my-roth-ira-contribution-is-being-deducted-from-the-amount-of-my-conversion-from-a-traditional-to/01/2107194#M197841 <P>The contribution was entered as a Roth IRA contribution says the deduction is $0.00.&nbsp; However, on the 1040 the amount of that contribution has been deducted from the amount of the conversion from a the traditional IRA to the Roth IRA.</P> Fri, 19 Mar 2021 00:18:42 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-my-roth-ira-contribution-is-being-deducted-from-the-amount-of-my-conversion-from-a-traditional-to/01/2107194#M197841 davewonline 2021-03-19T00:18:42Z