- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
There was no Roth IRA contribution. There was a traditional IRA contribution and a Roth conversion.
If the Roth conversion it being shown on Form 1040 line 4b as being partially taxable, check Form 8606 to see how much of the traditional IRA contribution is being treated as nondeductible (line 1). Any portion of the traditional IRA contribution that is not being treated as nondeductible should be present on Schedule 1 line 20 as a deductible traditional IRA contribution. Also make sure that you have told TurboTax that the year-end balance in traditional IRAs was zero.
2 weeks ago