Excess backdoor roth contribution

[weafrique]

I rolled over $20000 into a traditional IRA at the beginning of 2022. Out of this I converted $6000 into backdoor roth for 2021 before April. This was indicated in my 2021 taxes.

Given that I wanted to have 0 balance in my traditional IRA at the end of 2022, I converted the remaining $14000 for 2022. Definitely an excess here.

I’m trying complete my taxes on TT. What do I put in this box?

[Critter-3]

STOP ... you made NO NEW contributions to the IRA  and as such you should NOT be in the CONTRIBUTION section of the program.    You did  a ROLLOVER of old funds  and then CONVERTED  them which is reported in the 1099-R section of the program ... complete all the follow up questions in that section to indicate the roll and conversion.

[weafrique]

I am confused. I made no new contribution? Wasn’t the $14000 contribution to my roth new for 2022?  My total contribution for 2021 and 2022 reflected on my 1099R.  Line 1 and 2a showed the total amount I moved into my roth in 2022. When I entered this information into the program, my tax burden increased significantly.

[Critter-3 · Accepted solution]

NO ... you did not take new money from outside of a pension/IRA  and make any new  contributions to the ROTH instead  you converted prior year contributions to the ROTH.   Only new current year contributions are listed in the TT program in the contributions section.   All the conversions are handled in the 1099-R input section.