@Cowboy1987 wrote:
Thank you for the information.
I tried that.
Now Turbotax say I owe a penalty for making an excess contribution to a Roth because my income was too high.
I am so confused as why a backdoor Roth is considered a good idea.
You DO NOT enter it as a *Roth* contribution. It is a *Traditional* IRA contribution that you converted to a Roth.
**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.**
