I have mega backdoor roth for 2023 (already filed) and 2024 and backdoor roth for 2024. The 1099 R generated includes all, causing an excess traditional IRA contribution.

Forum|Forum|1 year ago
March 19, 2025
1 reply
0 views

I considered deductions and converted the values in ROTH IRA, but in vain. Can you please advise?

Best answer by Opus 17

@saket1906 wrote:

I checked the option - I converted some or all of it to a Roth IRA when asked with the question -
"Tell us if xxx moved the money through a rollover or a conversion"

That's fine. But you will never get a message about "excess contribution" from a rollover or conversion, no matter how big. You must also have entered a contribution in the IRA deduction section.

Opus 17

Employee

You did something wrong, not sure what. However, a rollover (which is what a backdoor Roth is) is NOT a contribution. Don't enter any IRA contributions unless you actually made contributions separate from the conversion.

For the conversion, only enter the 1099-R from the originating bank or broker. When Turbotax asks what you did with the money, one of the choices should be a rollover or Roth conversion. Don't enter the amount again as a contribution.

saket1906Author

I checked the option - I converted some or all of it to a Roth IRA when asked with the question -
"Tell us if xxx moved the money through a rollover or a conversion"

Opus 17Answer

Employee

@saket1906 wrote:

I checked the option - I converted some or all of it to a Roth IRA when asked with the question -
"Tell us if xxx moved the money through a rollover or a conversion"

That's fine. But you will never get a message about "excess contribution" from a rollover or conversion, no matter how big. You must also have entered a contribution in the IRA deduction section.