Hello all,
Would need some help related to Backdoor Roth IRA which was done twice in a single calender year (one from previous year and one for the current year). Here are the timelines:-
1. Amount contributed in Jan 2023- $3000 for year 2022
2. Amount contributed in Sep 2023 - $4500 for year 2023
I got an 1099-R which has a taxable value for $7500 - can someone help how to enter this correctly in Turbo tax premium. Looks like we are getting taxed twice.
Thanks,
