Hal_Al
Level 15

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@Anonymous  said "The form 1099-R was generated on Jan 21st". 

 

Is your 1099-R for 2022 or 2021?

 

If you converted the money to a Roth in January 2022, you should not receive your 2022 form 1099-R until Jan/Feb 2023. So, what matters is not when the 1099-R was issued; but for what tax year  the 1099-R (2021 or 2022) is issued.  You plan administrator should not be issuing a 2021 1099-R for a distribution made in 2022. The fact that the contribution was made in 2022 for tax year 2021, does not change that. 

 

Rewording your question:

Q. Do I understand correctly that  I don't  add a 2022 form1099-R in my 2021 tax return? 

A. Yes, that is correct.  If, instead, you have a 2021 1099-R, you need to ask your plan administrtor what's going on. 

 

Q. Form 8606 shows total basis of traditional IRAs of $6,000 in field 14, and doesn't show any conversion happened, as well as field 4a on form 1040 remains blank?

A. That's correct.