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Level 2
posted Apr 20, 2023 2:58:29 PM

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?

0 3 879
3 Replies
Level 15
Apr 20, 2023 3:20:15 PM

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.

Level 2
Apr 20, 2023 3:25:50 PM

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-ira-conversion/L7gGPjKVY_US_en_US

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

Level 15
Apr 20, 2023 5:48:30 PM

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.