I am 71 and converted a $22K Trad IRA CD to a $22K Roth IRA CD in December. All the 1099R info seemed to go into the TT form fine (there was a code 7 in box 7 where as some people have indicated it should be a 2) I filled out all the following questions as I have seen instructed in other questions. Since one of the answers included converting to another IRA I would think it is covered but the person who handled the conversion at my credit union said I would need to enter the amount as a contribution in my TT. So when the question is asked if I contributed to an IRA in 2020, should I say yes and enter the amount that was converted? Since the amount converted exceeds the limit of a yearly contribution I would assume it might reject it.
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