DanaB27
Expert Alumni

Get your taxes done using TurboTax

I'm understanding that the $6,000 in 2019 was also Backdoor conversion? If yes then please follow the steps below to enter the $6,000 contribution and conversion. Please remove the $5,800 from the "Deduction & Credit" section since you contributed them in 2018, not in 2019.


For the $5,800 you will need to amend your 2018 tax return and also follow the "Backdoor IRA" Instructions. Please see How do I amend a 2018 return in TurboTax?

 

 

Please use the following instructions to enter a "Backdoor IRA" to ensure it is calculated correctly in TurboTax:

 

To enter the nondeductible contribution to the traditional IRA ($6,000):

  1. Login to your TurboTax Account 
  2. Click "Work on other tax breaks"
  3. Click "Federal" from the left side of your screen
  4. Click “Deductions &Credits” on the top
  5. Scroll down to “Retirement and Investments” and click “Show more
  6. Scroll down to “Traditional and Roth IRA Contributions” and click “Start
  7. Select “traditional IRA
  8. Answer “No” to “Is This a Repayment of a Retirement Distribution?
  9. Enter the amount you contributed
  10. Answer “No” to the recharacterized question on the “Did You Change Your Mind?” screen
  11. Answer the next questions until you get to “Any Nondeductible Contributions to Your IRA?” and select “Yes
  12. If you had a basis in the Traditional IRA before then enter the amount.
  13. On the “Choose Not to Deduct IRA Contributions” screen choose “Yes, make part of my IRA contribution nondeductible” and enter the amount.

 

To enter the 1099-R distribution/conversion ($6,000): 

  1. Click "Federal" from the left side of your screen
  2. Scroll down to “Retirement Plans and Social Security” and click “Show more
  3. Scroll down and click "Start" next to "IRA, 401(k), Pension Plan Withdrawals (1099-R)
  4. Answer "Yes" to the question "Did You Have Any of These Types of Income?"
  5. Click "I'll Type it Myself"
  6. Choose "Form 1099-R, Withdrawal of Money from 401(k) Retirement Plans, Pensions, IRAs, etc."
  7. Click "Continue" and enter the information from your 1099-R
  8. Answer questions until you get to “What Did You Do With The Money” and choose “I moved it to another retirement account
  9. Then choose “I converted all of this money to a Roth IRA account.”
  10. On the "Your 1099-R Entries" screen click "continue"
  11. Answer "yes" to "Any nondeductible Contributions to your IRA?"
  12. Answer the questions about the basis
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