I received a 1099-R along with a form 5498 for a total pension distribution to a traditional IRA. After reporting the 1099-r, where does the 5498 go to show 0 in taxes?

Does the 5498 need reported showing the total rollover from the distribution?

posted

The 5498 itself does not get entered on your return. When you enter the 1099-R for the rollover, Turbotax will ask if you rolled it over to a ROTH IRA answer no to that question, and that is all you have to do.

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.

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I received a 1099-R along with a form 5498 for a total pension distribution to a traditional IRA. After reporting the 1099-r, where does the 5498 go to show 0 in taxes?

I received a 1099-R along with a form 5498 for a total pension distribution to a traditional IRA. After reporting the 1099-r, where does the 5498 go to show 0 in taxes?

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I received a 1099-R along with a form 5498 for a total pension distribution to a traditional IRA. After reporting the 1099-r, where does the 5498 go to show 0 in taxes?

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I received a 1099-R along with a form 5498 for a total pension distribution to a traditional IRA. After reporting the 1099-r, where does the 5498 go to show 0 in taxes?

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