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Back Door Roth TurboTax 8606

Posted: Thu Feb 13, 2020 5:33 pm
by mrb
I am not sure if Turbo Tax is filling out my 8606 form correctly for my back door roth. I did it by hand to check and there is missing info particularly in boxes 6-12.

in 2019 I contributed and converted 5500 for 2018.
In 2019, I also contributed and converted 6000 for 2019.

Here is what TT has:

1. 6000
2. 5500
3. 11500
4.
5. 11500
6.
7.
8.
9.
10.
11.
12.
13. 11500
14. 0
15a. 0
15b. 0
15c. 0
16. 11500
17. 11500
18. 0

From doing it by hand, shouldn't box 8,9, and 11 be 11,500? If so, does anyone know what my mistake is?

Thanks

Re: Back Door Roth TurboTax 8606

Posted: Thu Feb 13, 2020 5:41 pm
by Financologist
I'll await responses on this also. Every year there is confusion in TT. It always seems to assume my contributions to the trad IRA were deductible and therefore treats the distribution as taxable. Why doesn't the program ask whether the contribution was deductible or non deductible? I go through a rigmarole every year to manually adjust.

Re: Back Door Roth TurboTax 8606

Posted: Thu Feb 13, 2020 5:42 pm
by retiredjg
Tax software often does the calculations on a worksheet that you don't see and that often leaves lines 6 - 12 blank. You got the right numbers on line 14 and line 18 and that is all that matters.

Somewhere on your form, probably at the bottom, you may find a little notation about the worksheet.

Re: Back Door Roth TurboTax 8606

Posted: Thu Feb 13, 2020 5:45 pm
by mrb
retiredjg wrote:
Thu Feb 13, 2020 5:42 pm
Tax software often does the calculations on a worksheet that you don't see and that often leaves lines 6 - 12 blank. You got the right numbers on line 14 and line 18 and that is all that matters.

Somewhere on your form, probably at the bottom, you may find a little notation about the worksheet.
So, its ok to file as is, and don't worry about lines 6-12?

Re: Back Door Roth TurboTax 8606

Posted: Thu Feb 13, 2020 5:47 pm
by retiredjg
mrb wrote:
Thu Feb 13, 2020 5:45 pm
retiredjg wrote:
Thu Feb 13, 2020 5:42 pm
Tax software often does the calculations on a worksheet that you don't see and that often leaves lines 6 - 12 blank. You got the right numbers on line 14 and line 18 and that is all that matters.

Somewhere on your form, probably at the bottom, you may find a little notation about the worksheet.
So, its ok to file as is, and don't worry about lines 6-12?
That is correct. Don't worry about it.

Re: Back Door Roth TurboTax 8606

Posted: Thu Feb 13, 2020 6:01 pm
by mrb
Financologist wrote:
Thu Feb 13, 2020 5:41 pm
I'll await responses on this also. Every year there is confusion in TT. It always seems to assume my contributions to the trad IRA were deductible and therefore treats the distribution as taxable. Why doesn't the program ask whether the contribution was deductible or non deductible? I go through a rigmarole every year to manually adjust.
Not sure is this will help, but it helped me through the process

https://thefinancebuff.com/how-to-repor ... botax.html