Backdoor Roth IRA not showing correctly on 8606

[brgeren]

I am using TurboTax Premier 2022 Desktop Version for Mac.

I did a backdoor Roth conversion in 2023 for tax year 2022.  In the Deductions Section, I entered that my total contribution for 2022 was $6000, and on the following line for "how much of the contribution was made 1/1/23-4/18/23" I also entered $6000.

Then I looked at the 8606 Form, and Line 4 says "$0".  The total tax seems to be calculated correctly, but I'm confused why TurboTax is entering $0 on Line 4.  Is this a bug or am I missing something?

While I'm asking questions, I wanted to double check that since all of the contribution was in 2023 for tax year 2022, I should not have a 1099-R to enter, just the Deduction part as mentioned on another post (link below), correct? https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/enter-backdoor-roth-...

Thanks!

[dmertz]

Did you mistakenly indicate that you changed your mind and recharacterized the traditional IRA contribution to be a Roth IRA contribution instead?

Is $6,000 shown on line 1 of Form 8606?

Is your traditional IRA contribution being deducted on Schedule 1 line 20?

Are you married filing jointly and entered the contribution as being for one of you but are looking at the Form 8606 for the other?

[fanfare · Accepted solution]

In 2022, you did not take a distribution or make a Roth IRA conversion.

Line 3 says:  Besides Line 14, do not complete the rest of Part 1.

@brgeren 

[brgeren]

Yep, totally missed that, I was compared to past form 8606's where I did do the conversion, this time I put the money into the traditional and immediately converted to a Roth but in the following calendar year.  So you are completely right, thank you!