DanaB27
Employee Tax Expert
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EA
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Thank you I reviewed your return. It seems the basis numbers were imported data from the previous year. You might want to check your previous IRA Information Wo...
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On your 2024 return you should have entered the Roth IRA contribution and should have the 6% penalty calculated on Form 5329. If not then you will need to amend...
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Yes, if you made a nondeductible traditional of 7,000 in 2025 and converted these $7,000 in 2025 then lines 16 and 17 would show $7,000 and line 18 would be $0,...
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Thank you, I reviewed your return and was able to see the Roth IRA Contribution Limit Worksheet (in TurboTax Desktop Forms you see it towards the end of the fed...
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Since you only had a Roth IRA distribution you won't see the "Did you have any nondeductible IRA contributions to your traditional IRA from 2024 or prior years?...
Activity Feed for DanaB27
- Posted Re: Can someone explain why Turbo Tax has put $950 in on Form 8606 line 2-Nondeductible contribut... on Retirement tax questions. 13 hours ago
- Got Cheered for Re: Can someone explain why Turbo Tax has put $950 in on Form 8606 line 2-Nondeductible contribut.... yesterday
- Posted Re: in 2024 I contributed to a roth IRA and later found out I exceeded the income limit. I withdr... on Retirement tax questions. yesterday
- Posted Re: If you do backdoor ROTH, DONT use Online version on Get your taxes done using TurboTax. yesterday
- Posted Re: Regular Roth Contributions being coded as Excess! on Deductions & credits. yesterday
- Posted Re: Can someone explain why Turbo Tax has put $950 in on Form 8606 line 2-Nondeductible contribut... on Retirement tax questions. yesterday
- Posted Re: How do I characterize a ROTH IRA distribution as an emergency personal expense distribution i... on Retirement tax questions. yesterday
- Posted Re: If I overpaid on my allowable roth contribution last year, so asked for this money back. I re... on Retirement tax questions. yesterday
- Got Cheered for Re: Can someone explain why Turbo Tax has put $950 in on Form 8606 line 2-Nondeductible contribut.... yesterday
- Got Cheered for Re: Regular Roth Contributions being coded as Excess!. yesterday
- Posted Re: Can someone explain why Turbo Tax has put $950 in on Form 8606 line 2-Nondeductible contribut... on Retirement tax questions. yesterday
- Got Cheered for Re: How to report return 2024 Roth excess contributions and earnings 1099-R. Wednesday
- Got Cheered for Re: Form 8606 for the second year. Wednesday
- Posted Re: how do you opt-out of HSA last-month rule - form 8889 box 18 on Get your taxes done using TurboTax. Wednesday
- Posted Re: When I enter the state for my 1098-t the software changes it to another state. How do I fix i... on After you file. Wednesday
- Posted Re: how do you opt-out of HSA last-month rule - form 8889 box 18 on Get your taxes done using TurboTax. Wednesday
- Posted Re: Is TurboTax miscalculating Rollover and Roth IRAs? I liquidated my 401k and had the funds tra... on Retirement tax questions. Wednesday
- Posted Re: I complete the HSA section and none of the information is kept by the system. I have a HDP an... on Deductions & credits. Wednesday
- Posted Re: Where does TurboTax online give me the option to report that an early IRA withdrawal was for ... on Retirement tax questions. Wednesday
- Posted Re: Form 8606 for the second year on Retirement tax questions. Wednesday