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Get your taxes done using TurboTax
I am having a very tough time getting my Backdoor Roth contribution to go through correctly without TurboTax Smart Check freaking out. Here is the situation:
1. I opened my Traditional IRA in March 2022.
2. My spouse opened her Traditional IRA a few days later in March 2022.
3. We both made a $6,000 contribution into our respective Traditional IRA accounts a few days later in March 2022.
4. Both of these contributions were made for 2021.
5. We both converted our contributions from our Traditional IRA to your Roth IRA a day later in March 2022.
The 1099-R forms were automatically imported from the brokerage by TurboTax.
I followed all the directions here: https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/enter-backdoor-roth-...
And I check the forms as suggested and everything appears right. But when I go to Smart Check it freaks out saying:
"Check this Entry - IRA Contributions Worksheet: Line 15 - Amount of taxpayer's IRA Contribution elected to make nondeductible should not be more than $290.00"
I have included a screenshot.
I have no idea how to fi this - Any help would be appreciated as it is driving me crazy! I never knew making a backdoor Roth for 2021 in 2022 would be so difficult.
Thanks!