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Retirement tax questions
I have spent 2 days already trying to figure out how to file backdoor conversion. I have the following situation:
IRA traditional was opened in 2020, Roth IRA - 2020
1. In 2020 I contributed to ira $2000 and in a week did the backdoor conversion.
2. Jan 2021: contributed to IRA for 2020 - $4000 and converted it in Jan 2021.
So first I filled contribution to IRA by $6000 in TurboTax, then added 1099-R form with $2000 in box 1; box 2a; Distribution code 2; IRA/SEP/SIMPLE -X;
When I check my Federal 1040, I see 4a - $2000 (I thought it should be $6000) and 4b -$0.
How to check that I filled everything correctly?
‎April 13, 2021
7:59 PM