My husband contributed $6000 to traditional IRA in 2020, it was not converted to roth IRA until Jan 2021. We also contributed additional $6000 in Dec 2021 and converted it to roth IRA in Dec 2021. My 1099-R now says we distributed 12,000 in 2021 which is correct. If I simply say that all of the money was converted to roth IRA in the 1099-R section, is that good enough reporting for both backdoor Roths?
My 1040 4a IRA distributions says 12,000 and 4b says Taxable amount says $6000. Makes me think I didn't do it correctly.
Please help!
You'll need to sign in or create an account to connect with an expert.
The $12,000 reported on the 1099-R is correct.
Was the $6,000 contributed to the IRA in 2020 a nondeductible contribution?
Was the $6,000 contributed to the IRA in 2021 a nondeductible contribution?
If both were nondeductible 4b should be "0"
If one of the $6,000 was nondeductible 4b should be $6.000
If both contributions were originally deductible, 4a should be $12,000
I believe both contributions are non-deductible as in they were both after tax money contributions. How do I make 4b say 0 then? I made sure when asked repeatedly what the value of the traditional IRA is on Dec 31, 2021 was $0.
The contribution for 2020 should have been reported on your 2020 tax return and if you made it nondeductible TurboTax should have created Form 8606 with a $6,000 basis in line 14. This basis is entered during the interview (steps 9 and 10 when you enter your 2021 contribution or steps 11 and 12 when you enter the conversion).
To enter the nondeductible contribution to the traditional IRA for 2021:
To enter the 1099-R conversion:
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Donna32100
New Member
Hawkpilot
Returning Member
cislam123
New Member
Chrisgmitchell
Level 3
fiona5
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.