Back Door Roth

[DBMC987]

I did a back door roth in Feb 2022 ($6,000 for 2021 taxes, so i added $6,000 in an IRA and moved it to a Roth IRA the next day) and did a back door roth in Dec 2022 ($6,000 for 2022 taxes, so i added $6,000 in an IRA and moved it to a Roth IRA the next day), so I have a 1099-R for 2022 that shows $12,000 contribution. I can't get anything to work out right without charge me taxes but not even sure if  i only need to do something for half of the 1099-R, so $6,000 instead of the full $12,000. I'm trying to understand what 8606 should have looked like in 2021, which i might have gotten wrong.  And what it should look like for 2022.  Thanks for any thoughts.

[dmertz]

Duplicate question answered here:

https://ttlc.intuit.com/community/retirement/discussion/re-backdoor-roth-conversion-multiple-years/0...

[DBMC987]

Great, thank you very much.

[SharonD007]

You are correct that a backdoor Roth conversion does not have tax consequences. When you put money in a traditional IRA then covert the funds into a Roth IRA it isn’t a taxable event as you have already paid taxes on the money that you contributed to the traditional IRA.

The backdoor Roth conversion is completed in two steps. First you will enter the Traditional IRA contribution and secondly you will enter the conversion from a Traditional IRA to a Roth IRA.

Please see the TurboTax Help article How do I enter a backdoor Roth conversion? For detailed instructions.  For additional information, please review the TurboTax Help article What are traditional IRA to Roth IRA conversions?