I went back into Turbo Tax and started the process to amend the return. I reviewed the 1099-R rollover in Turbo Tax carefully against the paper form I had received from Vanguard. This time I noticed that the paper form had 0.00 for the Box 2a taxable amount while in the program I had just a blank entry. The 1099-R data in the program had come from importing from Vanguard. I did not enter/change that data.
The good news is that entering 0.00 as the taxable amount has restored the rollover to non-taxed status.
EmergDoc wrote:Turbotax has handled my backdoor Roth fine the last couple of years. Sure you're doing it right? TFB has a tutorial on it.
stan1 wrote:My first thought from what you described was a data entry (or data download) problem. 1099-Rs are incredibly obtuse, with many special codes, characters, and check boxes that have to be perfect. Glad you were able to figure it out.
One other tip to reduce risk of problems: I usually wait until late March to file since all of the tax software vendors keep pushing software updates well into March. Just seems safer that way.
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