Please clarify. To fully answer your question, we would need to know the tax year of your nondeductible Traditional IRA contribution and what you mean by “tried to do a backdoor Roth.”
Did you actually complete a backdoor conversion? Or did you change your mind and withdraw your traditional IRA contribution.
To make your 1099-R withdrawal non-taxable, you need a matching “basis” of non-deductible contributions.
- Type ira contributions
- Click Jump to ira contributions
- Select Traditional IRA. Continue
- Continue until you see Any Nondeductible Contributions to [Your] IRA? Select Yes.
- Enter your non-deductible contribution as Total Basis as of December 31, 2019 if you contributed for the 2019 tax year. This will make your withdrawal non-taxable.
- If you made a 2020 contribution, enter it as a 2020 traditional IRA contribution. TurboTax will say your income is too high for a deduction and ask whether you want to make the contribution non-deductible.
If you have TurboTax Live, you have unlimited live support from a credentialed Enrolled Agent, CPA or Tax Attorney. Click on Live Tax Advice on your screen.
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