In February 2024, I made a nondeductible contribution of $8000 to a traditional IRA that had a 0 balance at the end of 2023. Then I made a backdoor conversion to a Roth with all of the funds within a week, leaving a 0 balance in the traditional IRA. A few months later in 2024, I made rollovers of 401k and 403b funds (all were originally deductible) to the same traditional IRA. Following all of that, I made a distribution of $31,000 from the traditional IRA for spending in 2024. How should I report these transactions in Turbotax? The instructions say to delete the 403b rollover as the 1099-R has a Q distribution code. I never got a 1099R for the 401k rollover (same provider as traditional IRA). Is the Roth Backdoor conversion fully deductible so not counted as income? TurboTax wants to count the Roth Backdoor as income and deduct a small amount (1% which is the Roth share of the IRA balance at the end of 2024) of the $31,000 from income??? I must be doing something wrong.
