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oftamimi
New Member

I funded my traditional IRA, then converted it to Roth IRA (backdoor conversion), non-tax deductible, and not taxable transaction either. How do I reflect this on Turbotx

 
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1 Reply
MinhT1
Employee Tax Expert

I funded my traditional IRA, then converted it to Roth IRA (backdoor conversion), non-tax deductible, and not taxable transaction either. How do I reflect this on Turbotx

The backdoor Roth IRA conversion is a two-step process: 

  1. entering your contribution to a nondeductible IRA, then
  2. entering the conversion of the nondeductible IRA to a Roth IRA.

 

Please follow the instructions in this TurboTax Help article on how to enter a backdoor Roth IRA conversion.

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