mcgraw
New Member

Get your taxes done using TurboTax

Hi, 

 

Thank you for the clear instruction and the multiple options.

 

I'm having trouble because I made both 2020 and 2021 backdoor Roth IRA contributions in Feb '22 ($7K for each year, totaling $14K).  So my 1099-R show $14K and if I enter $14K in the "Deductions & Credits" section for IRAs, in Turbotax, it calculates an over-contribution penalty.  Technically, my 2021 contribution was only $7K, but then  $7K on my 1099-R goes unaccounted for.

 

Could you tell me how to handle this?  Should I share my file with an agent?