I attempted to follow the steps for entering a backdoor Roth IRA conversion from the TurboTax article, however only parts 1 through 9 under Step 1 match the screens that I see.
After part 9, I see "Tell Us How Much You Transferred". I enter 0 since this isn't a transfer.
Next, I see "Any Excess IRA Contributions Before 2023?". I select No
Next, I see "Any Nondeductible Contributions to your IRA". I select "Yes, I made and tracked nondeductible contributions to my IRA."
Next, it asks for the Total Basis as of December 31, 2022. I enter 0 as this is a first; no prior Form 8606.
Next, I see "Tell Us the Value of All Your Traditional IRA Accounts". I enter the value from Form 5498.
Next it says I make too much and can't deduct it.
When I go to the end anyways, the Form 8606 definitely isn't filled out correctly.
Any advise on how to proceed?
-Thank you
