I did a backdoor Roth in Jan 2023 for 2022. This is my first contributing to any type of IRA. I contributed $6000 to a traditional IRA and converted the full amount to a Roth two weeks later. I did not receive a 1099-R as my broker says I will receive it next year, since the conversion was done in 2023. Can someone please validate my steps in the Deductions & Credits portion of TurboTax Online below?
1. Select the kinds of IRAs you own: Traditional IRA only (did not check Roth IRA)
2. Is This a Repayment of a Retirement Distribution?: No
3. Tell Us How Much You Contributed:
Your total 2022 traditional IRA contributions: 6,000
Tell us how much of the above total contribution for 2022 you contributed between 1/1/2023 and 4/18/2023: 6,000
4. Did You Change Your Mind?: No
5. Any Excess IRA Contributions Before 2022?: No
6. Any Nondeductible Contributions to Your IRA? (from 2021 or prior years): No
7. I now get a screen that says: Income Too High To Deduct an IRA Contribution. Your MAGI is $1XX,XXX (don't want to put the full amount here), which puts you over the limit...
8. Your IRA Deduction: $0
In my preview of my 1040, Line 4a (IRA distributions) shows nothing. Is this correct? Is there any other way I can check I did this correctly?
