I did a backdoor ROTH IRA this year and for some reason NJ is taxing it. A previous article (link) said to "mark an X in the column labelled 'Check if Non-taxable'", however, I am not seeing this popping up anywhere in my turbotax prompts. How do I fix it so that NJ won't tax a backdoor ROTH IRA?
Should I be setting value of account field here to 0?
Also, when I tried to follow: "How do I enter a backdoor Roth IRA conversion?" in the federal component, Step 11 never shows up and instead I see this. Not sure if this is resulting in the problem I'm having.
You'll need to sign in or create an account to connect with an expert.
you probably did not do a true backdoor roth contribution.
did you start with a zero balance in your traditional IRA before beginning this adventure?
did you end up with a zero balance in your Traditional IRA by converting it all to Roth?
Yes I started with a zero balance and ended with a zero balance in the Traditional IRA when I executed this. I didn't invest anything before rolling over.
You have to tell TurboTax NJ Worksheet C that you had a contribution.
Set line 4a of the worksheet to the amount of your distribution/conversion.
TurboTax doesn't call it Worksheet C (last I looked) but it will ask you for the amount for 4a.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
nadine-comeau
New Member
joelgarcia51556
New Member
barathvasu
Level 3
nitesho
New Member
tb001
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.