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mango7
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NJ state backdoor roth IRA

Hi!

This is my first year doing a backdoor Roth IRA via turbotax. I believe I did the federal portion correctly (Form 8606 looks good as well as the tax return)..

However, I'm having a little confusion with the state tax return.

I contributed $6500 to my traditional IRA and $2 grew overnight for a total conversion into my Roth IRA of $6502. I am paying the taxes on my federal for the additional $2.
My question is... How would you answer this question?

 

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1 Reply

NJ state backdoor roth IRA

Enter  $6,502 followed by $6,500.

 

You should get the correct taxable amount.

 

@mango7 

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