DanaB27
Employee Tax Expert
Member profile
EA
- Replies
- Posts
-
1. Yes your Form 8606 entries look correct. Yes, the $1 difference was caused by rounding when the pro-rata rule was applied because of the $0.66 cents left in ...
-
1. and 3. The lines are blank since TurboTax is using the Taxable IRA Distribution Worksheet according to Pub. 590-B, indicated by the *. 2. Yes, only the gain...
-
1. You only need to check Traditional IRA since you only made a Traditional IRA contribution in 2025. Unless you want TurboTax to keep track of your prior years...
-
Generally, you will enter the recharacterization when you enter the Roth IRA contribution and select you recharacterized it. Then TurboTax will add an explanati...
-
You removed the 2024 excess plus earnings in May 2025 before the extended due date (October 15, 2025). Therefore, you should have removed the Roth IRA contribut...
Activity Feed for DanaB27
- Got Cheered for Re: How to report return 2024 Roth excess contributions and earnings 1099-R. 2 weeks ago
- Got Cheered for Re: I am not a US citizen, but a tax resident holding F1. Can I use Turbotax for a tax return? Th.... 3 weeks ago
- Got Cheered for Re: When entering IRA or Roth IRA contributions does this include everything that was taken out n.... 3 weeks ago
- Got Cheered for Re: How enter an RMD for an account where no 1099-R was received as distribution was taken from a.... 3 weeks ago
- Posted Re: Reporting a Recharacterization for Backdoor Roth IRA on Retirement tax questions. 3 weeks ago
- Got Cheered for Re: Enter Prior Year Roth IRA Contributions. 4 weeks ago
- Posted Re: Reporting a Recharacterization for Backdoor Roth IRA on Retirement tax questions. 4 weeks ago
- Got Cheered for Re: Reporting Recharacterization. 4 weeks ago
- Posted Re: Reporting a Recharacterization for Backdoor Roth IRA on Retirement tax questions. a month ago
- Got Cheered for Re: 2023 RMD distribution was not taken by mistake and must file form 5329 for penalty waiver. Am.... a month ago
- Got Cheered for Re: How do I enter a mega backdoor Roth IRA conversion?. March 8, 2026 4:57 PM
- Got Cheered for Re: How do I enter a mega backdoor Roth IRA conversion?. March 8, 2026 3:33 PM
- Got Cheered for Re: Excess Contribution on 2023 & 2024. March 3, 2026 4:29 AM
- Got Cheered for Re: Reporting a Recharacterization for Backdoor Roth IRA. March 2, 2026 10:05 AM
- Posted Re: Reporting a Recharacterization for Backdoor Roth IRA on Retirement tax questions. March 2, 2026 9:59 AM
- Posted Re: Excess Contribution on 2023 & 2024 on Get your taxes done using TurboTax. March 2, 2026 7:34 AM
- Posted Re: Excess Roth IRA Contribution - Removal and Reporting Help Needed on Deductions & credits. March 1, 2026 3:48 PM
- Got Cheered for Re: Regular Roth Contributions being coded as Excess!. March 1, 2026 3:39 PM
- Posted Re: Form 8606 part I basis on Get your taxes done using TurboTax. March 1, 2026 3:27 PM
- Posted Re: I keep getting $2 on the item "Tax on excess accumulation in retirement account" under "IRA C... on Retirement tax questions. March 1, 2026 3:16 PM