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Reply to "Did it drive you crazy to report a backdoor Roth IRA using Turbotax? "
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[quote=Anonymous]For the first time, DH and I will exceed the income limits this year for buying Roth IRAs. I would like to do backdoor Roth IRA contributions, whereby we contribute to traditional IRAs and immediately roll them over into Roth IRAs. Tne problem is that we do our taxes without an accountant, using Turbotax. I have read that the only way to report backdoor Roth IRAs in Turbotax is difficult, non-intuitive, and involves many steps. I have found instructions online (endorsed by Turbotax) for how to do it, but still find many people complaining online about what a pain it is. In the spirit of casting a wider net, I am seeking feedback from DCUM. Has anyone found it manageable (without an accounting degree, that is) to report a backdoor Roth IRA using Turbotax? Or did it make you tear your hair out? Thanks![/quote]
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