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2023/2024 Backdoor Roth Contribution
I’m new to TurboTax this year and have a question about entering backdoor Roth IRA contributions. My wife and I each contributed $15,500 in March 2024, with $7,500 intended for our 2023 tax return and the remaining $8,000 for 2024. We both received a 1099-R in 2024 showing the full $15,500. How do we enter the backdoor Roth conversion in TurboTax, especially handling the 2023 contribution?
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March 5, 2025
1:05 PM