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lihou
Returning Member

I made $11000 backdoor Roth IRA in Feb 2018, for year 2017 and year 2018. I received 1099R at $11000. How to report them in turboxtax? My TurboxTax only deduct $5500!

 
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DanaB
Expert Alumni

I made $11000 backdoor Roth IRA in Feb 2018, for year 2017 and year 2018. I received 1099R at $11000. How to report them in turboxtax? My TurboxTax only deduct $5500!

Please see this FAQ on how to enter a backdoor Roth Conversion:

https://ttlc.intuit.com/replies/6768029

When you enter your traditional IRA contribution make sure you make it nondeductible and only enter the contribution for 2018.

After entering your 1099-R please ensure that you click "continue" after the "Your 1099-R Entries" screen and answer "yes" to "Any nondeductible Contribution to your IRA?" Then on the next screens, you will need to answer the questions about the basis.

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