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Backdoor Roth and Basis Question
I’m setting up a backdoor Roth conversion in Turbo Tax. When setting up the 1099-R, I’m at the section:
Let us know if you have any non-deductible contribution to your traditional IRA from prior years.
I’ve never made a non-deductible IRA contribution during prior years, but in 2016 I did rollover a
before tax 401-K to a traditional IRA.
Does this 401-K rollover to traditional IRA apply to this basis question and if so how do I handle it?
April 15, 2023
12:20 PM