DanaB27
Expert Alumni

Retirement tax questions

To clarify, did you make a traditional IRA contribution for 2024? If you have a retirement plan at work and are over the income limit the traditional IRA contribution will be nondeductible automatically and you only get a warning and then a screen saying $0 is deductible. This is what you want for the backdoor Roth. Please see How do I enter a backdoor Roth IRA conversion? for detailed instructions.

 

Please note, TurboTax can only handle your own Form 8606, not a Form 8606 for an inherited IRA.

 

 

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