isundaylee
Level 2
04-16-2023
09:32 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I'm trying to enter a Backdoor Roth IRA Conversion. I have followed https://proconnect.intuit.com/support/en-us/help-article/retirement-tax-credits-deductions/entering-... and entered the 8606 as well as traditional IRA basis information under Adjustment to Income, and it shows up properly in the federal return. However, the converted amount is still included as taxable in the New Jersey return. I have also tried filling out "New Jersey basis in amount converted {NJ}" under the Form 8606 section of the 1099-R to no avail. Is there something I'm missing?
Best Answer Click here
Labels