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Retirement tax questions
If you are getting the screen saying income too high to deduct it then this means the traditional IRA contribution is automatically nondeductible and TurboTax will fill out Form 8606 with the basis on line 1. This is what you want when you are performing a backdoor Roth.
Please see How do I enter a backdoor Roth IRA conversion? for additional details.
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‎February 28, 2025
6:57 AM