MindyB
Expert Alumni

Deductions & credits

The only reportable transaction for 2024 is the 2024 contribution made in 2025.  The rest will be reported next year.  

 

In order to show the 2024 contribution on your 2024 return, follow these steps in TurboTax Online:

  1. Navigate to Federal > Deductions & Credits > Retirement and Investments>  Traditional IRA and Roth IRARevisit
  2. Continue through interview again, when you are asked Is This a Repayment of a Retirement Distribution? screen, select No.
  3. On the Tell Us How Much You Contributed screen, enter the amount and select Continue.
  4. On the Did You Change Your Mind? screen, select No, then answer the questions on the following screens.
  5. When you reach the Choose Not to Deduct IRA Contributions screen:
    1. Select Yes, make part of my IRA contribution nondeductible.
    2. Enter the amount.
    3. Select Continue.

 

Here are the full instructions to report a Backdoor Roth: How do I enter a backdoor Roth IRA conversion?