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New Member
posted Mar 18, 2024 9:20:12 PM

Backdoor roth limit not correct

In 2023 I contributed $6500 after tax to a traditional IRA and rolled it over to a Roth IRA, I uploaded the 1099R and turbotax correctly characterized it as IRA distribution - nontaxable.

My husband is 53, and contributed $7500 after tax to his traditional IRA, rolling it over to a Roth IRA.  When we uploaded the 1099R turbotax characterized $7000 as IRA distribution - nontaxable, but characterized the remaining $500 as IRA distribution - taxable.  I believe that this is a bug, as the contribution limit including >50 catchup for my husband should have been $7500.  Can you confirm that I'm not missing something?  Screenshot of the two relevant lines attached (from turbotax desktop version, columns are 2022 and 2023)

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1 Replies
New Member
Mar 18, 2024 9:27:38 PM

Found the bug - it was me.  Looks like I entered $7000 as his contribution somewhere earlier, and then the 1099-R listed 7500, which accounts for the $500 difference.  Sorry!  Not sure how to delete my post.