@DanaB27 I've been reading your detailed summaries and I am hopeful you can help with my situation:
- my token is 965504
- This is my first time doing a backdoor Roth conversion
- I put $6000 into an empty Traditional IRA on 3/03/2022
- I converted/moved the $6,000 into a Roth IRA on 3/14/2022 (two weeks later)
- I used post-tax dollars
- I do not have a workplace retirement savings plan
- I have never received a 1099-R
- I have not taken any distributions
- I earned above the single filer threshold $$$,$$$
Questions:
- could you please walk me through how to enter this into Turbo Tax Online?
- do I report the *contribution* on the 2021 return? and how?
- do I report the *conversion* on the 2021 return? and how?
- how do I double check I entered everything accurately?
- am I paying taxes on any of this now?
Thank you!!!! With gratitude!
