Get your taxes done using TurboTax

If you are using TurboTax then when you enter you IRA contribution into the IRA contributions section then TurboTax will put the *amount* of the current years contribution onto line 1.    Earnings only add to the IRA value and have nothing to do with the amount contributed.

 

If doing a backdoor Roth then the earnings will be taxable.

 

Why are you filling out a 8606 manually?   

 

 

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**