@dmertz
Hello, I need some help with entering this in turbo tax premier on mac. It's multiple year backdoor ira scenario, the first year we had to recharacterize since we just found out about the rules.
Here is the activity timeline:
- May 2019: $3000 to roth ira for tax year 2019
- Jan 2020: $3000 to roth ira for tax year 2019
- Feb 2020: recharacterized all $6000 from tax yr 2019. (found out about income rules)
- March 2020: converted all $6000 back to roth for tax year 2019.
- Nov 2020: add $6000 to trad, then converted to roth for tax yr 2020
Here are the forms I got:
- 1099R Trad IRA: $12,xxx. - code 2
- 1099R Roth IRA: $6,xxx. - code R
I only ever contributed $12k between the IRAs, but turbo tax thinks its $18k based on the 1099R's. 2019's return I did indicate on 8606 $6000 non deductable amount.
