- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
roth-IRA backdoor conversion question
Basically, I contributed $11500 into my IRA ~ March 2019, $5500 for year 2018 since I didn't contribute in 2018, and $6000 for year 2019.
however, I couldn't find a place in Turbotax to list the $5500 as for year 2018 instead of 2019. as a result, Turbotax consider the $5500 as excess contribution for 2019 and insist that I pay tax for this money (even though this is after-tax money) and penalty and asking me to withdraw the money to avoid future penalties.
I'm very frustrated. how do I make turbotax understand my situation and consider the $5500 as contribution for year 2018 instead of 2019? please help. Thanks.
‎February 25, 2020
7:24 AM