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If you qualified (income-wise) for the conversion, and you paid the taxes, you shouldn't have a problem. It appears to me that the problem is with the software.

Did you enter the $30K rollover as a contribution? It seems that the software is considering it as such. Was there a way within the software to characterize it as a conversion, rather than a contribution? If not, is there a way to input the conversion amount as an "opening balance"?

I don't use tax software basically because I have so many 'odd' transactions like this that I'm afraid it wouldn't be able to handle them (and perhaps I'm right ;-).

Would also suggest you cross-post your question on the Tax Strategies Board.


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