Get your taxes done using TurboTax

First, did you also make a traditional IRA contribution for 2022 or only for 2021 in 2022? If you only made one contribution for 2021 in 2022 then you will not enter the contribution part in the IRA contribution interview. You will only enter the conversion (Form 1099-R) and enter your basis from your 2021 Form 8606 line 14 in the follow-up questions (step 7).

To enter the Form 1099-R conversion: 

1. Click on "Search" on the top right and type “1099-R”  
2. Click on “Jump to 1099-R”
3. Click "Continue" and enter the information from your 1099-R
4. Answer questions until you get to “Tell us if you moved the money through a rollover or conversion” and choose “I converted some or all of it to a Roth IRA”
5. On the "Review your 1099-R info" screen click "Continue"
6. Answer "yes" to "Any nondeductible Contributions to your IRA?" if you had any nondeductible contributions in prior years.
7. Answer the questions about the basis from line 14 of your 2021 Form 8606 and the value of all traditional, SEP, and SIMPLE IRAs

If you also made a traditional IRA contribution for 2022 in 2022 then you will enter these steps below to make the full contribution nondeductible. Some of your contributions are already automatically nondeductible and therefore you need to only make part of the contribution deductible.

To enter the nondeductible contribution to the traditional IRA:

1. Login to your TurboTax Account 
2. Click on "Search" on the top right and type “IRA contributions” 
3. Click on “Jump to IRA contributions"
4. Select “traditional IRA”
5. Answer “No” to “Is This a Repayment of a Retirement Distribution?”
6. Enter the amount you contributed
7. Answer “No” to the recharacterized question on the “Did You Change Your Mind?” screen
8. Answer the next questions until you get to “Any Nondeductible Contributions to Your IRA?” and select “Yes” if you had a nondeductible contribution before this tax year.
9. Enter your basis in the Traditional IRA from your 2021 Form 8606 line 14 (if you had a basis in the prior year)
10. On the “Choose Not to Deduct IRA Contributions” screen choose “Yes, make part of my IRA contribution nondeductible” and enter for taxpayer $290 ($5,710 was already automatically nondeductible) and for spouse $6,000.

@Joe32539