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Get your taxes done using TurboTax
Yes, this isn't reported on your 2022 tax return since it was a contribution for 2021. If you had earnings you would have to report it on your 2021 tax return but since you had a loss you have no taxable income to report on your 2021 tax return. You don't need to amend your 2021 tax return.
Yes, a conversion of after-tax money would be a nontaxable rollover.
[Edited 3/8/2023 | 10:31 am PST]
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March 8, 2023
10:29 AM