I have been doing the backdoor roth IRA off and on since 2007. When TT asks what my nondeductible contribution is to my trad IRA, I have been entering in the rolling amount. I think this is wrong? I finally figured out how to deal with the backdoor roth IRA in TT. I think I'm supposed to enter 0 in that question. Is that correct? Do I need to correct that in all my previous tax submittals? Can I just zero it out now? I notice that when I zero it out, my CA state refund for me and my husband drops by $9000+. Why is that? If it's a nondeductible contribution, why do we owe more? It's nondeductible?
Another related question - my husband and I (50years old) each contributed $7000 to our trad IRA. When we converted to roth, the total amount was $14,158. The taxable amount should be $158. However, after I entered the info into TT, my Form 1040 line 4b says the taxable amount is 0. Why? What do I need to do to change that?
Thank you!
