AnnetteB6
Employee Tax Expert

Retirement tax questions

Since you are seeing messages on the screen about Roth IRA contributions being over the limit allowed, you need to review the step-by-step instructions again to be certain that you enter a Traditional IRA contribution and not a Roth IRA contribution.  

 

The money is first placed in a Traditional IRA and it is deemed non-deductible on your tax return through Form 8606.  This Traditional IRA is then converted to a Roth IRA.  This transaction is reported on your Form 1099-R showing the distribution from the Traditional IRA.  

 

Putting money into a Roth IRA in this manner is not considered to be a contribution to that Roth IRA.  

 

For reference, see the following TurboTax help article:

 

How do I enter a backdoor Roth IRA conversion?
 

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