sadinar
New Member

Prior year plus current year backdoor Roth correctly reflected on 1099-R, but incorrectly taxed in TurboTax. How do I fix it?

In January, I made a current plus prior year contribution for the full amount of both tax years in my IRA. These two contributions were the only money I had in any traditional IRA. Shortly afterward, I did a Roth backdoor conversion on that money bringing the total value of all my traditional IRA accounts to $0.
The 1099-R I received correctly shows the withdrawal of $12k and some change and I owe taxes on the change.
TurboTax, however, keeps putting $6k and some change down as taxable and I don't see any way to correct it.
Is there a way to tell it to include the contribution for the prior tax year? I do need to pay taxes on that small additional amount that accumulated before the backdoor happened.