MinhT1
Expert Alumni

Retirement tax questions

You will do this in 2 steps:

 

1. You will enter a nondeductible Traditional IRA in 2022.

 

Enter the IRA contribution and choose to make it nondeductible. TurboTax will generate form 8606 and include it in the tax return.

 

2. You will enter the conversion to a Roth IRA in 2023 when you receive the form 2023 form 1099-R.

 

Please read this TurboTax Help article for more information.

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