The same thing is happening to me. I do a back-door Roth. Every year before April 15 I contribute the max amount (for me at 57 it's $8000) to a Traditional IRA for the previous tax year. Then, usuall...
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The same thing is happening to me. I do a back-door Roth. Every year before April 15 I contribute the max amount (for me at 57 it's $8000) to a Traditional IRA for the previous tax year. Then, usually around May I convert the entire amount to a Roth IRA. So for 2025, I had a 1099-R showing the $8000 distribution from my Traditional IRA. I input that and then tell Turbo Tax I converted the whole $8000 to my Roth IRA. In Feb 2026, I contributed another $8000 to the Traditional IRA for the 2025 tax year. When I tell Turbo Tax that I completed my 2025 contribution between Jan 1, 2026 and April 15, 2026, I tax refund goes down about $2000 and it shows all $8000 of my 2025 IRA distribution as being taxable. If I put $0 of my 2025 Trad IRA contribution occurred between Jan 1, 2026 and April 15, 2026, the $8000 distribution isn't taxed and my refund goes up $2000. This seems like a glitch. Turbo Tax really sucks overall at the whole Roth back-door thing!!