For context, for 2023, I contributed $6500 to my IRA and performed the backdoor roth conversion in April 2024 before tax day. And for 2024 I contributed $7000 and performed the conversion in April 2025 before tax day.
I am using the Online version. I researched the instructions on how to enter the backdoor roth and followed the below. I have bolded places I entered info and had questions/differing experiences:
I had the most differing experience from the instructions below:
Step 1: Enter the Non-Deductible Contribution to a Traditional IRA
- Go to the Traditional IRA and Roth IRA screen, check the Traditional IRA box and select Continue.
- On the Is This a Repayment of a Retirement Distribution? screen, select No.
- On the Tell Us How Much You Contributed screen, enter the amount contributed and select Continue.
- NOTE: For total 2024 contribution: I PUT $7000 (should this be $6500?
- NOTE: For contributions for 2024 that were contributed between Jan 1, 2025 and April 2025, I put $7000
- On the Did You Change Your Mind? screen, select No, then answer the questions on the following screens.
- **** I DID NOT HAVE THIS SCREEN OR OPTIONS**** When you reach the Choose Not to Deduct IRA Contributions screen:
- Select Yes, make part of my IRA contribution nondeductible.
- Enter the amount you contributed.
- Select Continue.
- Note: If none of your contribution can be deducted, you won't see the option to make part of it nondeductible. Instead, you'll see the message Income Too High To Deduct an IRA Contribution, and the full amount of your contribution will automatically be nondeductible.
** I was asked if i have any excess IRA Contributions before 2024 - I said no
** I was asked if there were any nondeductible contributions to my IRA tracked in form 8606 - I said YES
** I was asked for my IRA Basis from form 8606 from my 2023 return as of Dec 31st, 2023 - I entered 0
** I was asked the value of my traditional IRA on Dec 31, 2024 - I entered 0
** A screen came up saying "Income Too High To Deduct an IRA Contribution"
6. On the Your IRA Deduction Summary screen, review the info and select Continue.
No issues with Step 2 below, was able to follow as is:
Step 2: Enter the Conversion from a Traditional IRA to a Roth IRA
- Go to Wages & Income.
- On the Your income and expenses screen, locate and select the Retirement Plans and Social Security section, then select Start or Revisit next to IRA, 401(k), Pension Plan Withdrawals (1099-R).
- Answer Yes to Did you get a 1099-R in 2024?, then Continue.
- If you land on the screen Review your 1099-R info select Add another 1099-R.
- Select how you want to enter your 1099-R and follow the instructions.
- Answer the questions on the following screens, until you reach Tell us if you moved the money through a rollover or conversion.
- Select I converted some or all of it to a Roth IRA and Continue.
- Next, select Yes, all of this money was converted to a Roth IRA.
- Continue answering questions until you reach the screen Review your 1099-R info.
When I review my 1040, these are what I am seeing as the inputs
4a IRA distributions: 6500
4b taxable amount: 6500
I believe taxable amount should be $0. But I cannot get it to swap to $0 so I am getting taxed on the backdoor roth.
Hoping someone can help me resolve this!
