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Get your taxes done using TurboTax
Hi TT,
I have the same issue as town_james for backdoor. I have contributed $6K for 2020 and $6K for 2021 traditional IRA and immediately converted these to Roth IRA in March 2021. I am filling the 2021 tax year with 1099R for this $12K. However, I have also excessive contribution of $6K for 2021 so there is 6% fine for that which is $360. How can I differentiate the 2020 and 2021 contribution in turbotax so that whole $12K doesn't come up for 2021? Also, I noticed that 8066 form for 2020 tax return was missing last year in my turbotax return. Should I send that one also this year?
Thanks
mouz
‎April 3, 2022
4:48 PM