Please see the FAQ below for instructions on entering the Back Door Roth.
https://ttlc.intuit.com/replies/6768029
401(k) to a Traditional IRA Rollover
If the rollover was directly from your 401K to the traditional IRA, the 1099-R from your 401K should show code G (rollover). TurboTax will ask you if you rolled over the funds to a Roth 401k or a Roth IRA. Answer No to both questions. [If you answered yes, the distribution would be taxable.]
If you rolled over the funds yourself (within 60 days), there will not be a code G on your 1099-R and you will have to indicate that your rolled over the funds yourself. Please follow these steps:
- After the 1099-R entry screen, you will see a screen, What Did You Do With
The Money From IRA? Mark
the button that you moved the money to another retirement account.
-
In the section, Choose which of the following applies:
- If
you put back the entire $15,000 (which includes the amount of withholding),
choose the first option -- "rolled over all of this money to another
traditional IRA or other retirement account (or returned it to the same
account)."
- If you put back the net amount your received ($15,000 minus the
withholding), select the third option-- "did a combination of rolling
over, converting, or cashing out the money." [You will be asked
how much of the distribution was rolled over]
-
If you indicated
that you put pack the entire amount, TurboTax will confirm the actual amount
that you put back-- How Much Money Did You Actually Deposit?
- If you
indicated that you did not put back the withholding, on the next screen,
Report Partial Rollover, enter the net amount you put back. [If
you don't put anything in this box, TurboTax will tax the entire distribution.]
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