topic Re: Backdoor Roth IRA Conversion in Get your taxes done using TurboTax

Backdoor Roth IRA Conversion

jjw — Tue, 29 Jan 2019 16:31:23 GMT

If I contribute to a traditional IRA and then roll it into a roth, how should I claim that contribution? As an IRA contribution?

Re: Backdoor Roth IRA Conversion

PaulaM — Sat, 09 Feb 2019 20:14:07 GMT

You have to first tell Turbotax you contributed to a nondeductible traditional IRA, then enter the 1099-R and tell Turbotax you converted to a Roth.

If you enter the 1099-R first (which is what happens if you follow the step-by-step process) it wants to tax you on the conversion

Re: Backdoor Roth IRA Conversion

pledoux — Thu, 07 Mar 2019 00:22:41 GMT

Hello, can you share a step by step procedure to do what you are saying to do using 2018 premier version. I followed every step by step process and entered everything but can not find the non deductible steps until the end, but as you state i must not do it as turbotax says. What do i need to delete seeing i have already entered my 1099-r. thanks