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Get your taxes done using TurboTax
Hi @macuser_22 , @fanfare ,
Thanks for the reply.
I haven't filed my 2019 text return yet (I've postponed it) and is preparing it now. And I'd happy to stick to my original plan (i.e. backdoor conversion).
I did receive a 1099-R for the conversion and it says taxable amount (2a) is 6000 and both boxes on 2b (Taxable amount not determined & total distribution) were checked. So what I should do is just fill that amount to 8606 line 1 and leave the deductible amount (i.e. 1040 Schedule 1, line 19) blank, right?
Thanks 🙂
‎July 19, 2020
10:24 AM