Backdoor Roth IRA issues

tryingtodotaxes · ‎February 9, 2025

In 2024, I took the following actions:

Feb 2024: Contributed 6500 to Traditional IRA towards 2023 limits. Converted to Roth.
April 2024: Contributed 7000 to Traditional IRA towards 2024 limits. Converted to Roth.

My 1099R is showing 13500 in total distributions. On my 1040 line 4a I see this amount, but then it is saying on line 4b that 6500 of this is taxable. My contributions were converted as soon as the transfer had completed so there were no taxable gains that incurred.

I assumed that line 4b here should be 0. What am I doing incorrectly here such that there is a taxable base still showing up?

AnnetteB6 · ‎February 9, 2025

Please take a look at the following TurboTax help article and expand the information under the section If your conversion contains contributions made in 2024 for 2023 for what you need to do to correct the situation you described:

How do I enter a backdoor Roth IRA conversion?

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