DDhane
New Member

Received 1099-R from FIDELITY with 2 years of early distribution

1) I did (started) a backdoor Roth IRA (contributed to tradition IRA and converted to Roth IRA) and for years 2023 and 2024 in March of 2024. Now, I have received 1099-R for year 2024 with early distribution of $13,500.

On TURBOTAX, Under "deduction & credits" I did make the IRA contribution ($7000) non-deductible for year 2024. But how and where shall I report the after tax non-deductible contributions for 2023 for balancing out the reported early distribution of (6500 +7000 = 13500) on 1099-R ? 

 

2) I am filing my taxes jointly with my spouse. I filled  "retirement and investments section" under "deduction & credits" for year 2023 correctly.