Whether you’re an experienced do-it-yourselfer or doing your own taxes for the first time, this is your place to learn and share. Here you’ll find information and resources for using H&R Block’s online and software DIY solutions. You’ll also find links to more information to assist you on your DIY journey.
02-15-2017 11:26 PM
What are the step by step instructions for reporting a traditional IRA to Roth conversion in 2017 H&R block online module? Or is there a place/link where I can find those?
Many thanks in advance.
02-16-2017 11:53 AM - last edited on 02-16-2017 12:03 PM by HaroldG
Welcome to the H&R Block community.
Entering a rollover (IRA to Roth IRA) is a little bit different than entering a distribution. This may seem like a lot but it's actually pretty simple. Please follow these steps carefully:
Let me know if you have any trouble getting through all of this.
03-02-2017 04:21 PM
Hello, I my wife and I are making Backdoor Roth Contributions, but it continually says that we have made excess Roth IRA contributions (even though I don't list any Roth IRA contributions). Can someone please help?
03-15-2017 03:23 PM
I contributed post tax money to a IRA account and converted to Roth but having trouble entering the details in H&R online
- Filed the below forms
1) Income section ->1099 R as per the below instructions (Do you have a basis in your IRA? entered as Yes)
2) Adjustment section - Tradition OR IRA form (need help on what to fill here)
3 ) Adjustment section Filled 8606 (need help on what to fill here)
The software shows as I contributed to Excess Roth , not sure what this means
Any hep is appreciated
03-15-2017 09:57 PM
In my Form 1099-R I received from my financial advisor, box 2a (Taxable Income) is filled out but when I put that in the H&R Block Module, it says I should not have any taxable income.
Secondly, it is not letting me complete Form 8606 - I had put all of my money in a traditional IRA and it was a nondeductible contribution (as I am above the income limit to get a deduction) and then it was immediately completed to a Roth IRA. However, when I go to Form 8606, it says:
04-10-2017 08:31 PM
Thanks for the instruction.
In the data entry of 1099-R, for box 2a, I can't enter 5500 (same same gross amount in box1). The message I get is "There shouldn't be an entry for the taxable amount in box 2a. On converted or reconverted IRA distribution's the taxable amount will be calculated from your entries in the IRA interviews in the Adjustments and Deductions section.". Ergo, after completing the numbers, my taxes went up by ~$2000 even though backdoor roth should not. Appreciate any input.
04-11-2017 01:47 PM
Did anyone ever answer this? It will not let me enter in an amount for box 2a either, although after going through the rest of the steps my tax ended up staying the same, so I believe the rest is ok, but I would feel better if I could enter in my form completely.
12-23-2017 06:05 PM
I haven't actually done this yet but was looking into it for my 2017 filing and found this link which seems to walk through step by step. It says it is normal to see ~$2000 tax liability after step 1.
12-24-2017 10:44 PM
Welcome to the H&R Block community.
Unless you funded the IRA account that you're rolling the funds over into the Roth account from with after-tax dollars you will see taxable income and a tax liability when you enter the 1099-R. Make sure you fill out Form 8606, Part II, so that your tax liability is calculated correctly. If you contributed after-tax dollars to a retirement account during the year then fill out Part I as well. If an early withdraw penalty appears on your tax return because you completed the conversion through an indirect transfer then fill out Form 5329 to waive the penalty. In the H&R Block software the option to complete both forms will normally appear as you go through the interview if you need them.
01-28-2018 06:20 PM
When I try to enter in my 1099-R H&R Block says: There shouldn't be an entry for the taxable amount in box 2a. On converted IRA distribution's the taxable amount will be calculated from your entries in the IRA interviews in the Adjustments and Deductions section.
Can't I just enter the box in 2a now and then do the IRA part in the adjustments and deductions later? Also, even after I've entered in information in the IRA section it still won't let me enter this in.