forgot to submit 1099-r for backdoor roth

[Anonymous]

I forgot to incude my 1099-R when filing taxes for 2021. I contributed in the year 2021 to my traditional IRA and did a backdoor roth IRA conversion in the same year. I have submitted an ammendment. My question is if this will impact filing my taxes for 2022 at all? Do I need to change anything or can I submit how I would normally....File 8606 as nondeductible IRA contributions and indicate 1099-R was also recieved in 2022 for roth conversion.

Thanks for the help.

[DanaB27]

No, if you converted the full amount in 2021 then it won't affect your 2022 tax return. Only if you have a basis left on your 2021 Form 8606 line 14 will you have to enter it on your 2022 tax return.

Please see the backdoor instructions below if needed:

To enter the nondeductible contribution to the traditional IRA:

1. Login to your TurboTax Account 
2. Click on "Search" on the top right and type “IRA contributions” 
3. Click on “Jump to IRA contributions"
4. Select “traditional IRA”
5. Answer “No” to “Is This a Repayment of a Retirement Distribution?”
6. Enter the amount you contributed
7. Answer “No” to the recharacterized question on the “Did You Change Your Mind?” screen
8. Answer the next questions until you get to “Any Nondeductible Contributions to Your IRA?” and select “Yes” if you had a nondeductible contribution before this tax year.
9. Enter your basis in the Traditional IRA from your 2021 Form 8606 line 14 (if you had a basis in the prior year)
10. On the “Choose Not to Deduct IRA Contributions” screen choose “Yes, make part of my IRA contribution nondeductible” and enter the amount (if you have a retirement plan at work and are over the income limit it will be nondeductible automatically and you only get a warning and then a screen saying $0 is deductible).

To enter the 1099-R conversion: 

1. Click on "Search" on the top right and type “1099-R”  
2. Click on “Jump to 1099-R”
3. Click "Continue" and enter the information from your 1099-R
4. Answer questions until you get to “Tell us if you moved the money through a rollover or conversion” and choose “I converted some or all of it to a Roth IRA”
5. On the "Review your 1099-R info" screen click "continue"
6. Answer "yes" to "Any nondeductible Contributions to your IRA?" if you had any nondeductible contributions in prior years.
7. Answer the questions about the basis from line 14 of your 2021 Form 8606 and the value of all traditional, SEP, and SIMPLE IRAs