Under Tax Break section, if I enter my $7k contribution to my Roth IRA, it says that I've overfunded my IRA by $7k. I have a feeling these are getting captured elsewhere?

[baldietax · Accepted solution]

to contribute directly to a Roth you need to be below the MAGI phaseout, and also have compensation (earned income like a W2) for at least the amount of the contribution.  Do both these apply?

if you are using TT Online, on the left menu under Deductions and Credits Summary you should see the Traditional & Roth IRA Contribution section, if something was already entered it will show up there.

some people also confuse Roth contributions and recharacterizations with backdoor Roth conversions through a non-deduction contribution to a Traditional IRA.  If you did a backdoor Roth ensure you are entering the contribution to the Traditional IRA and nothing to do with moving the money to Roth, the Roth conversion part is handled by the 1099-R.