Backdoor Roth

Forum|Forum|3 years ago
February 25, 2023
2 replies
0 views

I am having issues with my backdoor Roth. After inputting, my refund increased. I expected it would stay the same, and I'd see "Rollover" when looking at my 1040 form.

I imported my 1099R for $7K. Additionally, on the input sheet.

1 and 2A are both $7K. Both boxes in 2B are checked. No tax withheld and #7 is set to "2". (Early distribution (except Roth IRA)

I selected " I moved the money to another retirement account"

I selected " I did a combination of rolling over, converting or cashing out"

I put the full amount in "Amount converted to Roth IRA account"

I said No to HSA

Then I said I didn't take any disaster distributions

No to "I did not make and track non deductible contributions to my IRA"

I read through this prior to posting:

https://ttlc.intuit.com/community/taxes/discussion/turbotax-software-it-does-not-ask-question-about-2022-roth-ira-conversion/00/2894241

What did I miss?

M

MAK70

You need to continue until you get to the question regarding nondeductible contributions to your traditional IRA. (See below.) This will make the distribution not taxable.

A

Anonymous

I said I didn't take any disaster contributions.

No to "any non deductible contributions" (your screenshot)

I left the value of your traditional IRA blank.

Then it takes me back to the 2022 income summary

End result is my 1040 4a shows $7k and I do not see rollover.

D

DanaB27

It seems you entered all the correct steps but you should have $7,000 in line 4a and $0 in line 4b (since you didn't have any earnings) for the backdoor Roth.

It would be helpful to have a TurboTax ".tax2022" file that is experiencing this issue. You can send us a “diagnostic” file that has your “numbers” but not your personal information. If you would like to do this, here are the instructions for TurboTax Download:

On your menu bar at the very top, click "Online"
Select "Send Tax File to Agent"
Click "Send"
The pop-up will have a token number
Reply to this thread with your Token number. This will allow us to open a copy of your return without seeing any personal information.

The instructions for TurboTax Online:

From the left menu select Tax Tools.
Then select Tools below Tax Tools.
A window will pop up which says Tools Center.
On this screen, select Share my file with Agent.
You will see a message explaining what the diagnostic copy is. Click okay through this screen and then you will get a Token number.
Reply to this thread with your Token number. This will allow us to open a copy of your return without seeing any personal information.

We will then be able to see exactly what you are seeing and we can determine what exactly is going on in your return and provide you with a resolution.

@5209170

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

A

Anonymous

Thank You, the token is 1081940

D

DanaB27

Thank you for your token. I review your return and you entered the backdoor Roth correctly. You have the $7,000 on line 4a and $0 on line 4b. It correctly doesn't show "rollover" since this is a conversion. You can continue with your return.

@5209170

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"