Hi,
I am able to report correctly my Backdoor Roth conversion from Vanguard in the form 8606. I also have a Roth IRA conversion from my Rollover IRA (pretax money). Both of them were done in 2024. Importing this form1099R from Schwab, I expect the amount is taxable. However, it is not added to my income. Besides, this amount was reported on the line 13 of the form 8606 that is supposed for Nondeductible IRA (after tax). It is incorrect because it means this amount is the nontaxable portion of my distributions. My total amount of Backdoor Roth was also subtracted from this pretax money Please show me how to fix this problem. Thanks.
Yen Nguyen
[email address removed]
