How to report Backdoor IRA contribution?

[dhawal55]

I'm trying to enter backdoor Roth IRA conversion following this article: https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/enter-backdoor-roth-.... However, its not up-to-date and doesn't mention how to answer this question - How much of the $7000 you contributed to a traditional IRA for 2024 did you switch or "recharacterize" to a Roth IRA?

[MindyB]

This article is up-to-date.  The backdoor method refers to converting a non-deductible IRA to a Roth.  

It sounds like in the deductions section, you need to choose to make your contribution nondeductible. That is bullet 5 in Step 1.

[dhawal55]

Yes, I’m doing non-deductible Tranditional IRA conversion to Roth IRA. It asks about recharacterization and the article doesn’t mention anything about it

[DanaB27]

It seems you said "Yes" on the "Did You Change Your Mind?" screen (step 4 in TurboTax Online and step 9 in TurboTax Desktop) since you are getting the "How much of the $7000 you contributed to a traditional IRA for 2024 did you switch or "recharacterize" to a Roth IRA" question. Please don't enter anything on this screen (leave it blank) since you did not make a recharacterization.

Please see What are IRA conversions and recharacterizations? for additional information.

[dhawal55]

These are the sequence of questions I see:

• Tradional IRA and Roth IRA - I selected T IRA
• Is this repayment of a Retirement Distribution - No
• Tell us how much you contributed - I enter $7000 and same amount for contribution between Jan 1 2025 and Apr 15 2025 since i contributed this year for last year
• Tell us how much you transferred
  This is where it asks fir recharacterization question. I’m entering 0 here but wanted to call out that this sequence of steps are not what the article mentions

[DanaB27]

Thank you for your feedback.

It seems you entered everything correctly.