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How to report backdoor Roth IRA
I did my first backdoor Roth IRA (7500) in March, 2024 after completion of 2023 tax report in February, 2024.
I think that conversion is for 2024, but I received Form 5498 in May 2024, it says it is 2023 IRS contribution.
And I received 1099-R form just before, it says Gross distribution ($7502.05), Taxable amount (7502.05) and Distribution code is "2" (I am 59 yrs).
Which step do I need to take in TurboTax or how do I report tax in TurbTax?
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‎January 28, 2025
6:57 PM