DanaB27
Employee Tax Expert

Retirement tax questions

Please check your IRA contribution entries as badietax mentioned.  

 

Please see the following steps:

  1. Login to your TurboTax Account 
  2. Click on "Search" on the top right and type “IRA contributions” 
  3. Click on “Jump to IRA contributions"
  4. Select "Traditional IRA" and  “Roth IRA
  5. Enter $2,800 for the Traditional IRA contribution
  6. Answer ‘Yes” on the “Roth IRA Contribution” screen
  7. Answer “No” to “Is This a Repayment of a Retirement Distribution
  8. Enter the Roth contribution amount  of $4,200
  9. Answer “Yes” to the recharacterized question on the “Did you recharacterize any of the Roth IRA contributions for 2025 over to a traditional IRA contribution?” screen and enter the contribution amount (no earnings or losses) of $4,200 on the next screen.
  10. TurboTax will ask for additional information for the explanation statement
  11. On the screen "You have deductible traditional IRA contributions of $XXX" enter the amount you want to make nondeductible (If you have a retirement plan at work and are over the income limit it will be nondeductible automatically)

 

Please see How do I enter a backdoor Roth IRA conversion? for additional information.

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