chinyoung
New Member

Retirement tax questions

Thanks for the quick response!  I should've added that we don't qualify for the deductions for contributions to an traditional IRA, which is why we did the backdoor Roth.

 

What line is it on the 1040?  Line 4a and 4b (taxable amount shown as "0")

 

What code is in the 1099R box 7? - "2"

 

An IRA should be on 1040 line 4a and the taxable amount on 4b.    Did you get a taxable amount for it?  - The amount listed on 1040 line 4b is "0"