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turbotax gives different form 8606 for backdoor Roth IRA 8606

Hi,

I contributed $6000 to traditional IRA in 2022 and used backdoor to convert $6004 to Roth IRA. I did the same thing in 2021. After I input that, TurboTax results in a different form 8606 from other software. Which one is correct?

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3 Replies
dmertz
Level 15

turbotax gives different form 8606 for backdoor Roth IRA 8606

You are comparing apples and oranges.  The first one (freetaxUSA.png) indicates that a 2022 Roth conversion was entered while the second one (turbotax.png) indicates that no 2022 Roth conversion was entered.

turbotax gives different form 8606 for backdoor Roth IRA 8606

so turbotax is wrong then? because I did enter 1099-R into turbotax, why is there no Roth conversion?

 

I followed both of the steps here: https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/enter-backdoor-roth-...

What am I missing? Is this a bug in Turbotax?

dmertz
Level 15

turbotax gives different form 8606 for backdoor Roth IRA 8606

It would seem that you have entered the Form 1099-R into TurboTax incorrectly, perhaps by failing to mark the IRA/SEP/SIMPLE box on TurboTax's 1099-R form.

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