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April 5, 2025
Question

I contributed after tax money to IRA to do a backdoor coversion to Roth IRA. The form says "taxable not determined" However TT calculates it as taxable. How to correct it

  • April 5, 2025
  • 1 reply
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I already paid taxes on it

    1 reply

    April 5, 2025

    In order to correct this, you should report that it was a rollover.  

    1. Revisit the 1099-R you already entered — you can use the magnifying glass in the upper right of your screen, type "1099-R", and choose the first option "Jump to 1099-R"
    2. Choose the page and magnifying glass icon next to the 1099-R  to edit it.
    3. Continue until you reach the screen that says, "Did you roll over all of this $xx (Box 1) to another retirement account?".  Answer "Yes"

     

    Here are the full instructions to report a Backdoor Roth: How do I enter a backdoor Roth IRA conversion?