- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
@Anstoss wrote:
Thanks everyone for your feedback. Yes it is after tax contributions to traditional IRA and then backdoor conversion to Roth.
If I put 7 [which is about conversion to Roth], turbotax will show no tax on the conversion. Could this work or I have to do the two parts as post above?
Thanks
You have to do the 2 parts. You cannot change the code. (Code 7 has nothing to do with a Roth conversion and in your case is not different than code 2).
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
March 13, 2020
4:18 PM