1099R and 5498 Question

My 1099R line 1and 2a is 5171.00, The Form 5498 line 5 Fair market value is 98862.00 Line 12b RMD amount says 5884.64. My question is what do I put in TT where it asks for RMD... Thank you in advance

posted

For this entry, you will enter the 12b RMD amount $5884.64.

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Backdoor Roth IRA 2024 - Turbotax is taxing the entire amount of the conversion (which is incorrect - the conversion amount is the same amount as the basis from the non-deductible IRA that I am converting to Roth.

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