Hi,
My spouse and I contributed to a Traditional IRA for 2024 and later converted the full amount to a Roth IRA in 2024 itself (Backdoor Roth IRA). We did not contribute directly to a Roth IRA.
While going through the Deductions & Credits section in TurboTax, I noticed an option to select the type of IRA we contributed to. Should I select only Traditional IRA, or should I select both Traditional and Roth IRA since we converted the amount?
Also, do I need to do anything special in TurboTax to correctly report this conversion and avoid double taxation?
Just to clarify, we both contributed and converted in 2024, not in 2025 for the 2024 tax year.
Below is the screenshot of what I am referring to. Thanks!
You'll need to sign in or create an account to connect with an expert.
As VolvoGirl stated you will only select Traditional IRA. The conversion is entered in the retirement section when you enter the Form 1099-R for the conversion.
Please see How do I enter a backdoor Roth IRA conversion? for detailed instruction.
No not to both. You only contributed to the Traditional IRA not to the ROTH. You converted to the ROTH. It was not a new ROTH contribution. Other than that I don't know how back door conversions work. @dmertz
As VolvoGirl stated you will only select Traditional IRA. The conversion is entered in the retirement section when you enter the Form 1099-R for the conversion.
Please see How do I enter a backdoor Roth IRA conversion? for detailed instruction.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
wromatz
New Member
castrofa55
Level 1
pfAKaQYRwG
Level 1
jandjunified
New Member
Scooter741
New Member