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Retirement tax questions
@Joseph Braun ,TurboTax Basic provides everything you need. There is no need to upgrade.
I'm not sure what you mean by a "$30,000" Backdoor Roth. The maximum traditional IRA contribution for 2022 is $6,000 plus a $1,000 catch-up. Or did you make an after-tax contribution to an employer's qualified retirement plan that you subsequently converted to Roth (a so-called mega-backdoor Roth)?
Regardless, the contribution and the conversion are separately-entered transactions. Which transaction, the contribution or the distribution, are you having trouble entering?
What is the code in box 7 of the Form 1099-R?
Is the IRA/SEP/SIMPLE box marked?
March 9, 2023
8:12 AM