Hello,
I am having difficulty using Turbo Tax online where it will not generate form 8606. I contributed to traditional ira using taxed money and then converted all of it to roth ira (backdoor roth). Now I am being taxed. I put in the info including 1099 R but still unable to generate the needed 8606
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Entering a backdoor Roth is a two-step process: You first need to enter your traditional IRA contribution and then the distribution to convert to a Roth by following the step-by-step instructions in the following TurboTax Help Article:
How do I enter a backdoor Roth IRA conversion?
Thanks for responding! I did see that post, although this part never popped up for me on the screen:
Select Yes, make part of my IRA contribution nondeductible.
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