Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Mar 17, 2024 1:49:04 PM

Trad IRA rollover from 401k has small non-deductable$

I retired in 2023. My employer 401k custodian only sent one check to my new custodian, who deposited it into a traditional IRA.  Come to find out, there was a small amount of non-deductable funds included, which my new custodian disbursed and put into a Roth IRA at my direction (right or wrong). I got a 1099-R from my old custodian which includes the non-deductable amount, and another 1099R from my new custodian for the Roth. Seems I'm getting "1099"-ed twice?

Can I create a backdoor Roth for this amount? How do I get Turbotax to generate the 8606 form? Right now, 1040 is showing the non-deductable amount on f1040, line 4b, and I'm getting hit for taxes as if it was a true disbursement.  I'm using TT Deluxe.

0 1 973
1 Replies
Expert Alumni
Mar 25, 2024 7:19:19 AM

Were you able to resolve your issue here or are you still needing guidance? 

 

Make sure you have ran all updates. 

 

If using TurboTax Online: Clear your cache and cookies. See this FAQ, for your particular browser.

If using TurboTax Desktop: Please see this FAQ.

 

If you still are not able to solve this, please call TurboTax Customer service.  Here is a link:  Turbo Tax Customer Service