AnnetteB6
Expert Alumni

Get your taxes done using TurboTax

If the full amount is being taxed and the conversion took place for a 2023 contribution,  be sure that you have entered the 2023 contribution to the Traditional IRA and made it non-deductible.  That will put a basis in the system so that the distribution and subsequent conversion would not be taxed.  

 

If your Form 1099-R is reporting a 2022 Traditional IRA contribution that was converted to a Roth IRA in 2023, there is further information in the instructions about how to handle that situation if it is being taxed.

 

Here is a link to the current instructions:

 

How do I enter a backdoor Roth IRA conversion?
 

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