Question

Need help entering my Mega Backdoor Roth into TurboTax

Forum|Forum|4 years ago
March 19, 2022
1 reply
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Hello, I performed a Mega Backdoor Roth in November. The taxable portion (gains) of the transfer went to my traditional IRA and the non-taxable portion (my pre-tax contributions) went to my Roth IRA. When entering the information into TurboTax, the step-by-step tool only allows for one or the other. No matter what I've done, I can't get things entered correctly to not have this taxed within TurboTax. I've tried going to the form directly but I get a bunch of red text when making changes in that form.

Thanks in advance for any help you can provide.

A

AnnetteB6

When you are entering Form 1099-R into your tax return, the follow-up questions will allow you to enter the portion that was rolled into a Traditional IRA and the portion that was converted to a Roth IRA.

Look for the question that asks what you did with the money. Answer I moved the money to another retirement account.

Then, choose I did a combination of rolling over, converting, or cashing out the money to answer the question that appears.

Then enter the amount that was converted to the Roth IRA. The remaining amount will be assumed to have been rolled into the Traditional IRA.

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