- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Thank you for the quick reply! I deleted all 1099-R's and started over on that part from scratch:
a.) 1099-R #1: 401(k) -> Rollover IRA (shows correctly as non-taxable)
b.) 1099-R #2: 401(k) after tax contributions -> Mega Roth contribution (shows correctly as non-taxable)
c.) 1099-R #3: Backdoor Roth <spouse> (shows correctly as non-taxable)
d.) 1099-R #4: Backdoor Roth <me> (incorrectly, I believe, part of it becomes taxable after reporting the FMV amount from the rollover associated 5498 from 1099-R #1 from above.
Any thoughts? If I leave the FMV at 0.00, everything is good. -Almost seems like TT is associating the Rollover IRA amount with the Backdoor Roth IRA amount from 1099-R #4? Maybe a TT bug?
‎February 26, 2022
7:23 PM