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Chief
It's possible that the person you are working with is what is sometimes called an H&R Blockhead.
Conversation Starter
Haha never heard of this but that's funny
if you Google "reporting back door Roth using h&r block" you'll get step by step instructions with screenshots of the questions and what you should answer so that it is properly reported. the finance buff has a post on it.
Agree, I use finance buff blog or physician on fire blog for step by steps
Did you say you made a contribution to Roth when you were not eligible to? If you did a backdoor Roth, you made no contributions to Roth which would create a 6% penalty.
The 6% tax is an excise tax levied when you exceed the allowable max contribution.
So what was the reason for the 6% penalty? Was it because you have pre-tax IRA balances and it took a pro-rata % to determine how much was taxable?
Conversation Starter
Yeah I think the system (and I lol) are a bit confused. Im going to meet with someone else later this week to figure it out