I made a backdoor nondeductible Traditional IRA to Roth conversion in April 2022 $7k (Year 2021) and another $7k for year 2022. I didn't receive form 1099 R then, so i didn't include this in my 2021 tax return. Yesterday - 2/5/2023 - i received 2022 1099R form with one line of $14,000 for both years.
I read posts and followed steps from this forum ( thanks!) and i entered the total 1099R amount of $14k for current and prior tax year as prompted. Now my 1040 show the whole $14,000 on IRA distribution line, but i had to put Dec 2021 cost basis of $7,000 for this to happen. My concern is that i haven't submitted 2021 Form 8606, and yet I entered it into the program.
Would submitting 8606 standalone form to IRS for 2021 will be sufficient for this situation or should i file an amendment? If i do file an amendment, how do i handle the fact that i received one combined 2022 1099R tax form with both years.
Thank you and I appreciate any help with this!
