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I contributed to my traditional IRA in February 2020 - it will be a non deductible contribution; and eventually converted to Roth; Called broker company they said form 1099-R will not be generated this calendar year for this account since it's after January 1. How do I report non deductible contribution in turbotax other than 'deduction and credits - retirement and investments - traditional and roth IRA contributions' ?
Could not see option to enter manually in 'wages & income - Retirement Plans and Social Security - IRA, 401(k), pension plan withdrawals (1099-R)'
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you don't need a 1099-R to enter a contribution, or to elect non-deductible.
got to the Retirement and investments section under DEDUCTIONS.
The Roth conversion performed in 2020 will be reported on your 2020 tax return. Near the end of January 2021 you'll receive the Form 1099-R that you'll enter into 2021 TurboTax and indicate that you converted the distribution to Roth. The amount from line 14 of your 2020 Form 8606 will transfer to line 2 of your 2021 Form 8606 to be used in calculation the taxable amount of your Roth conversion.
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