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Get your taxes done using TurboTax
I am slightly confused with the response, in the first part you mentioned "You will not enter the Roth IRA contribution since you withdrew the excess contribution before the due date. " and in the second part "To enter the 1099-Rs for the return of excess contribution and the conversion:". Return of excess and backdoor Roth conversion are two separate events. I reported backdoor Roth conversion using https://thefinancebuff.com/how-to-report-backdoor-roth-in-turbotax.html. Now, I am left with a 1099-R from the return of excess. How do I report that in TurboTax?
March 27, 2024
8:56 PM