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2022 Backdoor Roth provokes a funny error

Forum|Forum|4 years ago
February 18, 2022
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I've followed all the steps for entering a Backdoor Roth. It gives an error stating I must have more than $0 income to contribute to an IRA. Of course I wouldn't be doing a Backdoor Roth if I had $0 income, since folks do this when income is too high. Looks like a software problem....

Is anyone else having this error? When will Turbotax get software fixed?

Best answer by macuser_22

@Matthew_JS wrote:

My income is W2 earned income.

Then perhaps you entered the W-2 for the wrong spouse if you are filing jointly or the wrong spouse was chosen for the IRA contribution. I suggest that you delete the IRA contribution and W-2 and re-enter both.

macuser_22

Employee

@Matthew_JS wrote:

I've followed all the steps for entering a Backdoor Roth. It gives an error stating I must have more than $0 income to contribute to an IRA. Of course I wouldn't be doing a Backdoor Roth if I had $0 income, since folks do this when income is too high. Looks like a software problem....

Is anyone else having this error? When will Turbotax get software fixed?

What kind of income do you have?

Income for IRA contributions is taxable compensation.

(Taxable compensation is generally wages that you worked for - W-2 or net self-employed income minus the deductible part of the SE tax, but can include commissions, certain alimony and separate maintenance, and nontaxable combat pay ).

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

M

Matthew_JSAuthor

My income is W2 earned income.

macuser_22Answer

Employee

@Matthew_JS wrote:

My income is W2 earned income.

Then perhaps you entered the W-2 for the wrong spouse if you are filing jointly or the wrong spouse was chosen for the IRA contribution. I suggest that you delete the IRA contribution and W-2 and re-enter both.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**