- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
I struggle with this every year. My wife and I each have back door Roths. She has a $214 gain that should be showing up on 1040 Row 4b, but it doesn't. In TTAX 2024, it'll ask "What did you do with the money from {finserv company}?
If you read the "rolled over" hyperlink, it says "You do not have a rollover when you transfer funds from a traditional IRA to a Roth IRA. This is called a conversion." I agree with that, but the only way I can get TTAX to do what I know needs to be done is to choose "{Name} rolled over all this money."
Otherwise, TTAX does all sorts of crazy things to my state return and otherwise. This transaction seems straight forward, but why is this so hard to get right with TTAX? AM I doing something wrong? I am not entirely sure I know what you mean by "indicate that you did not switch the contribution to a Roth IRA." On which screen am I indicating that?