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Level 1
March 10, 2024
Question

Does a contribution count in a roth IRA even though I did a back door conversion? (I contributed to traditional IRA first)

  • March 10, 2024
  • 2 replies
  • 35 views
I contributed to my traditional IRA then did a conversion to a roth IRA. I already entered how much I contributed to my traditional IRA on Turbo Tax. Now it's asking me how much I contributed to my roth. Don't know if it's technically 0 because I contributed to my traditional first.

2 replies

Level 15
March 10, 2024

The amount that you contributed to a Roth IRA is $0.  Your contribution was to a traditional IRA, not to a Roth IRA.  Do not tell TurboTax that you "switched" your traditional IRA contribution to be a Roth IRA contribution instead.

Level 15
March 10, 2024

The conversion was not a contribution and if you contributed the maximum amount to the traditional IRA you couldn’t contribute to the Roth anyway.