Hi, so I tried to follow your steps you outlined, but I did not get #7; instead I got moved to a screen that asks me the question of "Tell us how much you transferred or how much was recharacterized." Also, oddly my 2020 info for this line item does not show under my Turbo tax prep filings. Do I need to restart my entire tax process or something as I am not getting prompted with that question #7 in order to complete my backdoor Roth conversion not getting taxed. Please advise! Thanks
To enter the nondeductible contribution to the traditional IRA:
- Login to your TurboTax Account
- Click on "Search" on the top right and type “IRA contributions”
- Click on “Jump to IRA contributions"
- Select “traditional IRA”
- Answer “No” to “Is This a Repayment of a Retirement Distribution?”
- Enter the amount you contributed
- Answer “No” to the recharacterized question on the “Did You Change Your Mind?” screen
