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Hello, I am finishing up my tax return, and wanted help to verify that I am inputting the correct information for a Backdoor Roth IRA Conversion in my TurboTax desktop software.  For background, I have had a Roth IRA opened for about 4 years now.  The first two years I made non-tax-deductible contributions directly to the Roth, and in the previous two years I have opened a Trad IRA where I make my non-tax-deductible contributions to, and then convert those funds (Backdoor Roth Conversion) to my Roth.  Since starting the backdoor Roth conversions, I have received 1099-R forms, which I have inputted into TurboTax.  The following are the steps that I am going through to input this, and am just looking for confirmation that it is correct, or advice if I need to be doing something differently.   Federal Taxes > Wages & Income > Retirement Plans > IRA, 401(k), 1099-R: I auto-imported my Form 1099-R directly from my broker, and reviewed the information: Box 2b: Only "Taxable amount not determined" checked Box 7: 2-Early distribution, exception applies IRA/SEP/SIMPLE box is checked  Good news: You don't owe extra tax on this money Is this 1099-R for a contribution that your employer made... > NO Did I inherit the IRA... > NO What did you do with the money... > I moved the money to another retirement account Choose which of the following applies > I did a combination of rolling over, converting, or cashing out the money Tell us how much $$ I moved to an IRA, 401(k), or other retirement account > Amount converted to a Roth IRA account (entered the full amount) Did I put this money in a HSA? > NO Was this a withdrawal due to a disaster? > NO After this I continued to Deductions & Credits > Retirements and Investments > Trad & Roth IRA Contributions: I checked both boxes for "Traditional IRA" and "Roth IRA" Is this repayment of a retirement distribution? > NO Tell us how much you contributed (Traditional IRA) > Entered the total from the 1099-R form in the 2024 Traditional IRA contributions Did you change your mind? > NO Any excess IRA contributions before 2024? > NO Any nondeductible contributions to my (Traditional) IRA > NO This is one of the sections I wasn't fully sure of, because I converted to a Roth. Technically, I contributed to the Trad IRA, but then immediately converted it to a Roth.  Should I instead be putting Yes in this section? Tell us the value of all your Trad IRA accounts > $0 (because I immediately convert all contributions to my Roth) Did I make Roth IRA Contributions for 2024? > NO (because they were conversions?) Track Roth basis? > YES Withdraw from Roth before 2024? > NO Enter prior year Roth contributions > entered total of direct contributions from first two years of account Tell us the years > checked the years that I converted a Trad IRA to a Roth IRA Entered Conversions > Entered the amount I converted from Trad IRA to Roth IRA for the selected years Adjust Roth IRA due to divorce? > NO Any excess Roth contributions? > NO Income too high to deduct an IRA contribution Your IRA Deduction Summary > $0 After this, I double checked how it filled out my Form 8606, and it looks as follows for key inputs: Box 1 - Nondeductible contributions to Trad IRAs: full amount from 1099-R that I converted Box 2 - Total basis in Trad IRAs: $0 Box 3 - Add lines 1 and 2: Full amount from Box 1 Box 16 - Net amount converted from Trad to Roth: Full amount from Box 1 Box 17 - Basis in the amount on line 16: Full amount from Box 1 Box 18 - Taxable amount: $0 Lastly, in the IRA Info Worksheet, my basis and value for Traditional IRAs is $0, and my basis (contribution and conversion history) for Roth IRA is correctly broken down between direct contributions and conversions as of 12/31/2024. I think I have finally done this correctly, but just wanted confirmation from someone who has done this before.  Thanks in advance for any help!

Why does turbotax ask for my husband's pin number when I try to file for a tax extension?  I am married, filing separately.  We do not live together and I am head of household.  So the tax extension filing won't go through because it's asking to create a pin for my husband.  Why can't I just create my pin and that's it???

I sold securities to use for a car down payment. Because I had to wait until settlement I took 2 small distributions from 2 retirement accounts. When the trades settled, I asked for the money to be returned to each account. 1) I noticed the money went back into one account but not the other - I will call to find out why, 2) Although there are 2 1099-Rs, I don't see how I indicated that the money was paid back. They used code 7 in box 7 which is normal distribution. How do I indicate that the funds went back so I don't get taxed on the distribs?

I am working outside Philadelphia but registered home address is in Philadelphia. I did my Taxes through FreeTaxUSA who said I might need to file my taxes with the city separately since they don't do that. When I went to sign up for an account on the Philly Tax Center I wasn't sure what kind of tax I was supposed to sign up to pay. Which ones do I select? The school income tax? Earnings Tax? I accidentally deactivated my account as well and cannot sign up for a new one. Does anyone know how to reactivate it?