SlosbergTax
Level 1

My client is a doctor.  He and his wife make way over the amount permissible for a Roth IRA contribution.  So, last week, the doctor contributed $7000 for himself and his wife to a nondeductible traditional IRA... Then, 2 days later, converted both of those contributions to a Roth IRA.  This was done for tax year 2020, but the contributions and rollovers happened in March of 2021.  So, no 1099-R's.  They have no basis in their traditional IRAs other than the $7000 each just contributed.  Everything else has already been converted to Roth,  Do I just go to Screen 24 and enter the traditional IRA contributions (nondeductible )?  What are the steps to a backdoor Roth?  Anyone?  

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