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Get your taxes done using TurboTax
I'm using TT downloaded software and I'm having issues getting my backdoor Roth IRA to be non-taxable. I followed the steps shown but it's still showing a portion of my wife's backdoor Roth IRA as taxable. She did a $6,000 backdoor Roth IRA but it's showing $5,689 as taxable. And I'm not seeing any Schedule 1 appearing with the IRA Deduction as zero...nothing shows up.
I cannot figure out what I'm doing wrong...and don't understand why the taxable amount is $5,689 when the backdoor Roth IRA amount was $6,000. It should be zero...the amount showing up doesn't make any sense.
Any suggestions? #confused
‎April 3, 2022
12:18 PM