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Backdoor Roth clarification
Hello,
I contributed to traditional IRA and converted it to Roth IRA as part of doing a backdoor. I did this in April of 2024, for 2023, and then later in 2024, for 2024. Schwab sent me a consolidated 1099-R for the aggregate amount in March 2025. There is also some cents of gain in it. How am I supposed to file this in my downloaded TT premier? I tried it but it always increases my taxes. Any guidance is hugely appreciated!
March 1, 2025
1:33 PM