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Get your taxes done using TurboTax
I went through this step and entered, now it's not adding extra tax but I am not sure if my 8606 form is correct or not.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/enter-backdoor-roth-...
Here are the entries in 8606
Row 1: $6000
Row 2: $0
Row 3: $6000
Row 16 & 17 : $ 6000
Question:
1. Shouldn't my Line 5 be $12,000? Because Row #2 should have $6000 right?
2. Will by any chance my 8606 add to the total of all my Backdoor i.e. year 2021,2022,2023 to $18000 or not?
‎April 9, 2024
1:44 PM