Backdoor Roth

Uber
taxmedaddy

Go to company page Uber

taxmedaddy
Apr 2 12 Comments

So I made after tax contributions to my traditional IRA and then rolled it over to Roth.

It was plain and simple, I converted the entire amount and none of the pro rata rule stuff came into play.

My 1099 R for vanguard
Has two entries
1 Gross distribution:$6000
2a taxable amount : $6000

This is leading me to double taxation
How do I avoid this ?

Yes will consult tax professionals but have any of your experienced this ?
Is my 1099R incorrect or is there some way to report to the IRS that I made after tax contributions to my traditional IRA.

Thanks In advance!

TC: 300k
Yoe: 2

comments

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TOP 12 Comments
  • Amazon
    hate tax

    Go to company page Amazon

    hate tax
    Turbo tax handles this situation. U just say u converted to Roth and there’s no problem
    Apr 2 11
    • New
      data-geek9

      New

      data-geek9
      So hot
      Apr 2
    • Meta
      mower

      Go to company page Meta

      mower
      Hate Tax did you get to step 8 in online version which says “Choose Not to Deduct IRA Contributions”?
      I don’t get to this screen. Rather I get the screen that says “any non deductible contribution to your IRA”.
      Apr 5