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5329 form

Converted Trad IRA contribution to Roth IRA for tax year 2019.

 

Followed instruction how to enter backdoor IRA in turbotax.

 

Turbotax created form 5329. Line 18 auto populate $6000 excess contribution to Roth IRA and showing corresponding 6% penalty.

 

Needing assistance on how to properly enter data in Turbotax.

 

Thank you.

 

 

 

 

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1 Reply
AmyC
Expert Alumni

5329 form

Please follow the steps in this article, How do I enter a backdoor Roth IRA conversion? These steps have to be in just the right order or it won't work. 

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