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Back Door Roth IRA Not Working
I have been following the procedure posted online in the past several years to enter data about back door Roth IRA conversion. The procedure worked until this year. Turbotax now flags the distribution from 1099R as taxable.
As a test, I deleted the existing return from TurboTax and started a new one. I entered the 1099R data first and TurboTax did not mark the distribution as taxable. However, once I imported the w2 form, the distribution became taxable. What is TurboTax keying on to mark the 1099R distribution as taxable? Thanks.
‎February 24, 2024
1:03 PM