It sounds like you completed a back door Roth Conversion. If you have already entered the non-deductible contribution for 2024, and have been tracking nondeductible basis for contributions prior to 2024, then follow the instructions from How do I enter a backdoor Roth IRA conversion? to report the conversion. If you did not yet enter the contributions for 2024, please do that first, in Deductions and Credits > Retirement and Investments.
" Enter the Conversion from a Traditional IRA to a Roth IRA
- Go to Wages & Income.
- On the Your income and expenses screen, locate and select the Retirement Plans and Social Security section, then select Start or Revisit next to IRA, 401(k), Pension Plan Withdrawals (1099-R).
- Answer Yes to Did you get a 1099-R in 2024?, then Continue.
- If you land on the screen Review your 1099-R info select Add Another 1099-R.
- Select how you want to enter your 1099-R (import or choose Change how I enter my form to either upload it or type it in yourself) and follow the instructions.
- Answer the questions on the following screens, until you reach Tell us if you moved the money through a rollover or conversion.
- Select I converted some or all of it to a Roth IRA and Continue.
- Next, choose Yes, all of this money was converted to a Roth IRA and Continue..
- Continue answering questions until you come to the screen Review your 1099-R info."
