- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Michigan taxes backdoor roth conversions and now TT thinks all conversions are disallowed
Hi folks- For 2022. our brokerage sent us two 1099-R forms per spouse, one for the majority of the amount put into our trad IRA then converted, the other for a fraction that is paid to the State of Michigan.
Neiother my wife nor I have retirement plans thru work.
Somehow TT desktop (Win10) now asserts the amount converted to the Roth is a simple contribution and not the backdoor roth conversion it is.
Anybody got suggestions how I can make sure those contributions are treated properly by the program? Been using TT for a decade, this is a new problem. Where can I flip/change whatever flag/value I need?
‎October 15, 2023
11:55 AM