@amitagar wrote:
I followed exact procedure described in this link.
https://thefinancebuff.com/mega-backdoor-roth-in-turbotax.html#:~:text=A%20mega%20backdoor%20Roth%20....
The only difference is that my taxable income is some 0.13 cents in 1099-R, which makes taxable income zero.
I tried to change numbers in 1099-R temporarily just for testing so that I get $1 taxable income, then I see word ROLLOVER below 5a.
The IRS required that 1099-R amounts be rounded to the nearest dollar. That would round to zero. If that is what is in box 1 the just ignore the 1099-R - it cannot be filed with zero income.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
