Get your taxes done using TurboTax

You should have reported the nondeductible traditional IRA contribution on your 2023 return. TurboTax then should have created a 2023 Form 1099-R with a basis on line 14 and this will be entered on your 2024 return. 

If you didn't report it on your 2023 tax return then you can amend your 2023 return to create the 2023 Form 8606. 

To enter Form 1099-R for the conversion on your 2024 tax return:

1. Click on "Search" on the top right and type “1099-R”  
2. Click on “Jump to 1099-R”
3. Click "Continue" and enter the information from your 1099-R
4. Answer questions until you get to “Tell us if you moved the money through a rollover or conversion” and choose “I converted some or all of it to a Roth IRA”
5. On the "Review your 1099-R info" screen click "Continue"
6. Answer "Yes" to "Any nondeductible Contributions to your IRA?" if you had any nondeductible contributions in prior years.
7. Answer the questions about the basis from line 14 of your 2023 Form 8606 and the value of all traditional, SEP, and SIMPLE IRAs

If you do not get the "Any nondeductible Contributions to your IRA?" question then please see Why is my backdoor Roth IRA conversion being taxed?

To enter your Roth IRA contribution for 2024 on your 2024 tax return:

1. Click on "Search" on the top right and type “IRA contributions” 
2. Click on “Jump to IRA contributions"
3. Select “Roth IRA”
4. Answer ‘Yes” on the “Roth IRA Contribution” screen
5. Answer “No” to “Is This a Repayment of a Retirement Distribution
6. Enter the Roth contribution amount of $7,000

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