Get your taxes done using TurboTax
Hi, thanks for your response. I followed these prompts but am facing the same issue. I think I've found the problem which I will delineate below:
1. During 2022, I had a total distribution of $11500 from my Traditional IRA. A total of $5500 from this was for my Roth IRA backdoor for 2021 and the other $6000 was for the Roth IRA backdoor for 2022. I understand that both of these are not taxable events.
2. When I enter my 1099-R which records $11500, the software marks $6000 as a a non-taxable event but marks the remaining $5500 to be taxable. This is evidenced by the following snapshot from the 1040 document:
Please let me know how I can rectify this. Thank you.
