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Does one need to include his backdoor Roth IRA conversion amount in answer to Turbotax question "Did XYZ make a Roth IRA contribution for 2016"?

 
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dmertz
Level 15

Does one need to include his backdoor Roth IRA conversion amount in answer to Turbotax question "Did XYZ make a Roth IRA contribution for 2016"?

No.  It was a traditional IRA contribution that was made, not a Roth IRA contribution.  There was also no recharacterization of the traditional IRA contribution.

The Roth conversion is an separate transaction.

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1 Reply
dmertz
Level 15

Does one need to include his backdoor Roth IRA conversion amount in answer to Turbotax question "Did XYZ make a Roth IRA contribution for 2016"?

No.  It was a traditional IRA contribution that was made, not a Roth IRA contribution.  There was also no recharacterization of the traditional IRA contribution.

The Roth conversion is an separate transaction.

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