I contributed to a Traditional IRA for first time and chose the year 2023 for the contribution i made in March 2024. Immediately i transferred it to Roth IRA.
I am following the instructions mentioned in this page for the Desktop Edition. Few observations/questions:
https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/enter-backdoor-roth-...
I am able to do the Step 1: Enter the Non-Deductible Contribution to a Traditional IRA
In the section "Tell Us How much you contributed" I have indicated that I contributed the whole amount between Jan 1 2024 and Apr 15 2024.
Issue 1: #10 in this step says When you reach the Choose Not to Deduct IRA Contributions screen. I don't see such screen.
I do see a question "Any Nondeductible Contributions to Bijay's IRA" which i believe is for prior years. I am selecting No here. |
For Step 2: Enter the Conversion from a Traditional IRA to a Roth IRA
Issue2: For Did you receive any 1099-R forms? I checked the broker and it shows that 1099-R will get generated around 5/31
I know the amounts, so should I enter the values anticipated ?
Or should I file an extension and wait for 1099-R?
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