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Deductions & credits
I was reporting IRA conversion using Turbotax, follow below steps:
To enter the nondeductible contribution to the traditional IRA (pay attention to step 8!):
- Open your return
- Click “Deductions &Credits” on the top
- Click "I'll choose what to work on"
- Scroll down to “Traditional and Roth IRA Contributions” and click “Start”
- Select “traditional IRA”
- Answer “No” to “Is This a Repayment of a Retirement Distribution?”
- Enter the amount you contributed
- Answer “No” to the recharacterized question on the “Did You Change Your Mind?” screen
- Answer the next questions until you get to “Any Nondeductible Contributions to Your IRA?” and select “Yes”
- If you had a basis in the Traditional IRA before then enter the amount.
- On the “Choose Not to Deduct IRA Contributions” screen choose “Yes, make part of my IRA contribution nondeductible” and enter the amount.
But I was unable to get the "“Choose Not to Deduct IRA Contributions” screen.
How to fix this issue?
Thanks,
April 6, 2023
1:15 PM