Solved: I did Roth conversion. I did not receive any money form this distribution. Does TurboTax add this amount to my modified AGI for affordable care act calculations?

I did Roth conversion. I did not receive any money form this distribution. Does TurboTax add this amount to my modified AGI for affordable care act calculations?

posted

If you took money from a deductible Traditional IRA and converted to a Roth, it will get added to modified AGI.

If it was a totally non-deductible IRA and then converted to a Roth (backdoor IRA) it will not get added to modified AGI.

View solution in original post

If you took money from a deductible Traditional IRA and converted to a Roth, it will get added to modified AGI.

If it was a totally non-deductible IRA and then converted to a Roth (backdoor IRA) it will not get added to modified AGI.

Backdoor Roth IRA 2024 - Turbotax is taxing the entire amount of the conversion (which is incorrect - the conversion amount is the same amount as the basis from the non-deductible IRA that I am converting to Roth.

in Retirement tax questions

Expert does your taxes

Do it yourself

Resources

Support

I did Roth conversion. I did not receive any money form this distribution. Does TurboTax add this amount to my modified AGI for affordable care act calculations?

I did Roth conversion. I did not receive any money form this distribution. Does TurboTax add this amount to my modified AGI for affordable care act calculations?

I did Roth conversion. I did not receive any money form this distribution. Does TurboTax add this amount to my modified AGI for affordable care act calculations?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

I did Roth conversion. I did not receive any money form this distribution. Does TurboTax add this amount to my modified AGI for affordable care act calculations?

Do you have an Intuit account?

I did Roth conversion. I did not receive any money form this distribution. Does TurboTax add this amount to my modified AGI for affordable care act calculations?

I did Roth conversion. I did not receive any money form this distribution. Does TurboTax add this amount to my modified AGI for affordable care act calculations?

Unlock tailored help options in your account.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert