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How to handle back door Roth IRA conversion in TurboTax 2021
I made non deductible traditional ira $6000 in Jan 2021 for 2020 traditional ira contribution. And made another non deductible $6000 contribution in May 2021 for traditional ira 2021 contribution. As market fluctuate, the traditional ira account balance was $11000 in late May 2021 when I converted all $11000 to Roth IRA. How to report this convention in 8606? Thanks in advance for your suggestions!
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‎February 26, 2022
2:38 PM