turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

jenn_1979
New Member

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)Screenshot 2024-03-18 211726.png

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
jenn_1979
New Member

Backdoor roth limit not correct

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.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies