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Retirement tax questions
Please, make sure that you do not select that you moved the funds to a Roth IRA in the IRA contribution section (this is for recharacterizations). If you converted the funds in 2023 you should have a 2023 Form 1099-R with code 2. You will enter this into TurboTax. If you had a basis on the 2022 Form 8606 line 14 then enter this after you entered all your Form 1099-Rs when TurboTax asks “Any Nondeductible Contributions to Your IRA?”.
Please review the steps here: How do I enter a backdoor Roth IRA conversion?
@jingli Please review the instructions. If you need additional help then please provide more details.
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April 8, 2024
6:14 AM