morph23
Returning Member

Retirement tax questions

@fanfare 

Here's the TurboTax help article for entering a Backdoor Roth Conversion.

 

It needs to be entered in both Wages & Income in Pension Plan Withdrawals (1099-R) for the conversion, and in Deductions for the non-deductible contribution.

 

And correct, only $14 should be taxable. When I look at the 1040 Preview per the instructions in the article (to double check), the Line 4a values are correct (showing just $14 taxable), as well as Schedule 1 Line 20, but for some reason it is still impacting both refunds.