To clarify, did you make the $7,000 traditional IRA contribution in 2024 for 2024 and you entered this in the IRA contribution interview? And you converted the $7,000 in 2024 and have Form 1099-R entered to show the conversion?
Did you have pre-tax funds in the traditional IRA? Was the value of all traditional/SEP/SIMPLE IRA $0 on December 31, 2024? You find the value at your end of the year statement.
If you followed all the steps and cannot figure out what is wrong it would be helpful to have a TurboTax ".tax2024" file that is experiencing this issue. You can send us a “diagnostic” file that has your “numbers” but not your personal information. If you would like to do this, here are the instructions for TurboTax Online:
- From the left menu select Tax Tools.
- Then select Tools below Tax Tools.
- A window will pop up which says Tools Center.
- On this screen, select Share my file with Agent.
- You will see a message explaining what the diagnostic copy is. Click okay through this screen and then you will get a Token number.
- Reply to this thread with your Token number and add @DanaB27 . This will allow us to open a copy of your return without seeing any personal information.
The instructions for TurboTax Download:
- On your menu bar at the very top, click "Online"
- Select "Send Tax File to Agent"
- Click "Send"
- The pop-up will have a token number
- Reply to this thread with your Token number and add @DanaB27 . This will allow us to open a copy of your return without seeing any personal information.
We will then be able to see exactly what you are seeing and we can determine what exactly is going on in your return and provide you with a resolution.
@kiddkevin01
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