@DanaB27
I have followed these instructions to a T, which were posted elsewhere. I also got on a call with Turbo Tax support and went over each step on a screen share. The agent acknowledged that Turbo Tax is having issues with the IRA calculation and that the technical team is looking into it. However my case was closed the next day and I still see that my 4b(taxable IRA ) has the max IRA amount.
My case number is [PII removed] [If I paste the case number as numeric it says 'phone number removed']
Why is Turbo Tax not able to fix this issue? Happy to go over all the steps again with you over screen share, the end result is 4b on my 1040 is my full traditional IRA contribution. So I'm being taxed on my nondeductible contributions made to my tradional IRA (which I used for backdoor Roth IRA).
My understanding is that 4b of form 1040 should be 0, because I made contribution to my Traditional IRA with after tax money, and then converted that to Roth. Since 4b is my full contribution amount to Traditional IRA, I'm effectively being taxed twice.
