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How do you report a back door Roth IRA contribution

finstoncpa
Level 1

THE client transferred money to a non deductible IRA contribution and then transferred the exact same amount of money into a Roth IRA

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3 Comments 3
abctax55
Level 15

I can check my input for doing that tomorrow when I'm back at the computer... it's been a year or two since I had one.

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George4Tacks
Level 15
abctax55
Level 15

The links George provided 'splain better than I can.

The key is that you have to include ALL IRA's amounts, not just the one being backdoor'ed.  

"*******Tax software is no substitute for a professional tax preparer*******
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