Feedback on the process of entering the back door Roth conversion
IRA contribution
The process for entering a backdoor Roth can be so much simpler. We are not CPA's and the software is for consumers. The help or "learn more" articles within the desktop software when entering the backdoor conversion give even harder to understand explanations and content. Why can't the program be more worded toward the consumer than the tax Pro? If we were tax pros we wouldn't necessarily need consumer edition software... I just feel like the content could be better worded for the lame man than the tax pro. No need to be stuck in a loop for ever looking up what this or that means when trying to input the info correctly. If this is for the consumer to have an easier filing process then help us out. Some of us don't have a simple tax return with just a couple of tax forms and done. And some of us don't want to have to pay all the extra money for a tax pro to use TurboTax and then charge us countless dollars when we could do it ourselves. As these laws change and and continue in one direction or another, there is one thing we want to count on. That is TurboTax making the who process for every customer easier. We will still buy the upgrades and have to pay for a non simple tax return. But what about the older customers? What about our elders that are trying to still hang in their for another year? Don't you want them to feel adequate as well? Not like they just don't have it anymore or that they simply can't do it? From a consumer point of view. It doesn't have to be that hard.
One instance is why are we checking taxable amount not determined if we have a taxable amount listed in 2A? The IRA/SEP/Simple Box is checked
Or What did you do with the money from this payer
Person moved money to another retirement account ( or returned it to the same retirement account)
Choose which of the following applies:
Person rolled over all of this money to another traditional ira or other retirement account (or returned it to the same account)
Person did a combination of rolling over, converting, or cashing out the money
The process for doing a backdoor Roth conversion could be made simpler. Since TurboTax offers consumer rather than financial professional software, the help author could word the content more clearly towards individuals instead of tax pros managing complex returns. Also, many users do not have a "simple" return filed with only few forms complete and making use of a Pro can be costly. Regardless, TurboTax should have focus to provide all its consumers – even longtime older individuals – an easier experience throughout filing and not allow it to become such a chore or burden. We will still upgrade the software due to the types of income or forms we have. But we would also do this a lot more willingly if we understood more instead of feeling like we got ourselves into a mess or that we shouldn't be doing this at all. I don't want to pay more for something I am already having a hard time understanding. Much less pay more for something when I don't understand why it is needed or the process that it takes to make this expense happen. Your reaching over us when you can reach to us. Just saying
