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Level 2
February 26, 2025
Question

1099-R IRS Code G/H

  • February 26, 2025
  • 1 reply
  • 0 views

Through mega backdoor I did after tax contribution to Roth IRA in 2024,  but I recieved 2 1099-R from Fidelity netbenefit, with different IRS Code G&H, when I manually upload both forms to Turbotax, it got sum up(totall over $70k) which doesn't make sense, should i only upload one?  thanks in advance.

 

 

 

 

1 reply

MarilynG
Level 15
February 26, 2025

It's advisable to enter your 1099-R's manually in a situation like yours, as the follow-up questions after entering it are important.  Here's info on How to Update or Delete Imported Data.

 

Here's more details on How to Enter a Back-Door Roth Conversion, which is a two-step process. 

 

@pioneerzhu 

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fanfare
Level 15
February 26, 2025

It is correct to see the total of distributions in the a) column of Form 1040.

It is the b) column that affects your tax.

It looks like your b) column should be empty or  -0-.

 

@pioneerzhu