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Retirement tax questions
Thanks, here are my responses:
Did you do a true backdoor contribution that is tax-free?
-- Yes. Put money in traditional IRA, converted whole amount to Roth. Traditional stays at 0.
Do you have the correct taxable amount on Form 1040 Line 4b and did not take a deduction? (Schedule 1 Line 20)?
-- yes, Form 1040 Line 4b - $0. Income is above threshold so no deduction taken. Schedule 1 Line 20 - blank.
I have already amended my 2022 return once, because of K1 form.
I guess Turbotax allows amending return again. My previous amended return was accepted successfully.
Thanks!
‎April 1, 2024
11:19 AM