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Get your taxes done using TurboTax
Thank you for the thorough explanation, Dana.
After entering all the information for IRA, I looked at form 1040 and saw that under line 4a "IRA Distributions", the distribution amount listed is $11,901. I just wanted to double check if this is correct and expected ( $11901 calculated from Roth transfer/recharacterization amount of $5811 to traditional IRA + backdoor Roth conversion of $6090 from traditional IRA). The taxable amount is only $90 which seems correct.
March 3, 2021
7:58 AM