MarilynG1
Employee Tax Expert

Retirement tax questions

Doing a backdoor Roth conversion is a two-step process.

 

Enter your non-deductible IRA contribution first, which would be the amount you put back into the Traditional IRA (even if you transferred some or all of it to a Roth IRA later).

 

Then indicate on the next screen, the amount you 'recharacterized' to a Roth IRA.  Click 'Fill In Template' to enter details.

 

You are then asked for any prior 'non-deductible contributions' to track on Form 8606.

 

Click this link for more info on How to Enter a Back-Door Roth Conversion

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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