I did follow some advice and started fresh and entered this IRA two steps prior to downloading any 1099 information from external sources.
I have struggled a bit on this back door two step process to enter in a IRA traditional conversion to a Roth IRA . Entering in the first step of a traditional IRA contribution generated numerous forms and the 6% penalty tax for excess contributions. I have entered the 1099-R manually for the Distribution from the Traditional IRA and answered all questions which, in the Premier version of TT does address the fact that this is a conversion to a Roth. I recognize this becomes taxable income based on the percentage of the non-deductible contributions to the IRA verses the value balance of the total Traditional IRA at the end of 2021. After looking at this in the Forms with all the noise created from the Step one of creating a Traditional IRA contribution which matches the amount of the Conversion to the Roth IRA, I decided to delete the step 1 entry and it appears in the forms view to have eliminated all the noise from the Step 1 of the two step process. So is this just a one step process provided it is the first thing entered into TT?
Am I missing something?
Thanks
WEK
