Because of an error in a TurboTax calculation, you included additional tax on your return due to the Roth conversion. As a result, you overpaid your federal income tax.
We fixed the issue in TurboTax and want to make sure you have the information to determine if your returns are complete and accurate. We suggest you amend the federal and state income tax returns to correct the additional tax and determine if you are due a refund for any overpayment of tax.
You can amend your tax return yourself by following the step-by-step amend instructions are available for:
We’re here to help if you have questions or need assistance. You can call us at 1-877-216-2138 (Monday through Friday, 5 a.m. to 5 p.m. Pacific Time) to reach a tax expert who is prepared to assist you with this issue. Tell the expert you’re calling about 2018 Roth IRA Penalty.
Remember to save a copy of the amended returns for your records. After the changes are made to your tax returns, print, sign, and mail the amended returns to the address located on the TurboTax Filing Instructions.