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Backdoor Roth IRA
I am working on my taxes for 2024. I made a Traditional IRA contribution in 2025 for tax year 2024. I then did a R/O to my Roth IRA (backdoor). When adding this into TurboTax, this question comes up:
Did you change your mind? Tell us if you switched, or "recharacterized" any of the $ Traditional IRA contribution for 2024 over to a Roth IRA contribution. Note: "Switched" or "recharacterized" does not mean converted or rolled over.
What is the best way to answer this for a backdoor Roth IRA? Thanks.
‎February 4, 2025
11:17 AM