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Retirement tax questions
I guess this is not as simple as I hoped.
I did file an extension.
What is a trustee to trustee transfer?
A bit more info... 1 of the 1099's is a recharacterization from a Roth of 2,309.28 (earnings 309.28), the other is for a properly done backdoor Roth for 6,298.87 (earnings 298.87). If I enter the 2nd one, it works fine... form 8606 is created and I'm taxed on 298.87. As soon as I enter the 1st one, form 8606 disappears and Turbotax wants to charge me tax on 8,608.15.
Thanks for you time and response.
‎April 18, 2025
9:20 PM