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Get your taxes done using TurboTax
Line 18 is taxable, it looks like you are missing the non-deductible IRA contribution entry. The link below has the detailed instructions for both steps. To verify step one was done correctly >> Go to the Traditional IRA and Roth IRA screen,
- check the Traditional IRA box and select Continue.
- On the Is This a Repayment of a Retirement Distribution? screen, select No.
- On the Tell Us How Much You Contributed screen, enter the amount contributed and select Continue.
- On the Did You Change Your Mind? screen, select No, then answer the questions on the following screens.
- When you reach the Choose Not to Deduct IRA Contributions screen: (see Note)
- Select Yes, make part of my IRA contribution nondeductible.
- Enter the amount you contributed.
- Select Continue.
Note: If none of your contribution can be deducted, you won't see the option to make part of it nondeductible. Instead, you'll see the message Income Too High To Deduct an IRA Contribution, and the full amount of your contribution will automatically be nondeductible.
On the Your IRA Deduction Summary screen, review the info and select Continue.
How do I enter a backdoor Roth IRA conversion?
It is tracked on Form 8606 and it is on the IRA Information Worksheet .
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4 weeks ago
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