If you are rolling over a Traditional IRA and converting some of it to a Roth IRA, this involves a multi-step process to enter.
A backdoor Roth IRA allows you to get around income limits by converting a traditional IRA into a Roth IRA. You'll get a Form 1099-R the year you make the conversion.
Contributing directly to a Roth IRA is restricted if your income is beyond certain limits, but there are no income limits for conversions.
Your 1099-R from the distribution of the traditional IRA funds will say code 2 in box 7 (or code 7 if your age is over 59 ½) .
You should report your conversion for the year you receive this 1099-R:
- If you received a 2025 1099-R in 2026, complete both steps below to report it on your 2025 taxes.
- If you'll receive a 2026 1099-R in 2026, wait to report it on your 2026 taxes. In this case, only complete Step 1 below for your 2025 taxes. You’ll complete the second step next year when filing your taxes for 2026.
Please see this help article for the complete steps to enter in TurboTax to properly report this type of transaction.
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