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Backdoor Roth IRA conversion 2024
I ran into an issue during the input of a backdoor Roth IRA conversion for 2024, while following the instructions of the TurboTax Help article, describing the two steps for the TurboTax Desktop version.
Following the instruction Step 1: Enter the Non-Deductible Contribution to a Traditional IRA under Deductions & Credits, I checked the box as described in step “5. Check the box for Traditional IRA and Continue.”
Step 6. requires to Answer Yes to Did you contribute to a traditional IRA? However, TurboTax has an additional text that reads “Tell us if you made a contribution to a traditional IRA for 2024.”
I did not contribute anything in 2024 to the traditional IRA. The IRA was created through a rollover from a 401k many years ago. Answering this question with Yes doesn’t seem to be right.
Any advice how to handle that?