Followed instruction on how to enter backdoor roth IR A contribution but it didn't work. It still shows entire amount from 1099-R as taxable, not just earning.

I contributed $6,000 to Traditional IRA and recharacterized $7200 (including earning) to Roth IRA. The 1099-R shows $7200 distriubution from Traditional IRA. In Turbox tax I also checked that all the amount was recharacterized as Roth IRA. I also entered the contribution of $6000 to traditional IRA. However Turbo tax shows entire $7200 taxable even though the $6,000 contribution was not tax deductible. I've followed the instuction posted in this community how to enter backdoor Roth IRA contribution.

305

Expert Alumni

Mar 18, 2022 6:26:02 AM

When your report the 1099-R form showing the $7,200 distribution, you need to indicate that $6,200 of it was rolled over to another retirement account. That should result in it not being shown as taxable on your tax return.

You can't say it is a conversion, since the contributions weren't deducted.

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Followed instruction on how to enter backdoor roth IR A contribution but it didn't work. It still shows entire amount from 1099-R as taxable, not just earning.