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Retirement tax questions
Only if you had taxable earnings. From the side menu, select Preview my 1040.
- Your backdoor Roth IRA amount should be listed on Form 1040, Line 4a as IRA distributions.
- Taxable amount on Form 1040, Line 4b should be zero unless you had earnings between the time you contributed to your Traditional IRA and the time you converted it to Roth IRA, in which case the earnings would be taxable.
- If you have a Schedule 1, then Schedule 1, Line 20, IRA deduction should be blank.
It is a two-step process; use this link to confirm you did the steps correctly.
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March 26, 2025
10:20 AM