@BGScott wrote:
And BTW, FIX THE LANGUAGE that describes "Backdoor" high-AGI traditional to Roth conversions because your semantics are so odd that I have to spend an hour every year making sure again that I'm choosing the right labels. Just add a phrase like "if you did a "backdoor Roth, choose this."
I do not see any discussion of the so-called "backdoor Roth" in this thread. The backdoor Roth does not exist in tax law - it is simply two transactions 1) making a non-deductible Traditional IRA contribution, and 2) converting the Traditional IRA to a Roth.
Both must be entered in the proper section of the program.
For A backdoor Roth to work, you must have no Traditional IRA balance in any account when you start and have no year end balance when done otherwise it will be taxable.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
