@gulsheenk wrote:
I had transferred $6K from my personal investment non-retirement Fidelity account to the Traditional IRA account. Any concerns here?
I'm confused because you have reported several different versions of events. If I have everything put together, you did 5 separate transactions.
- A rollover from a Roth 401k at a previous employer to a Roth IRA with a 1099-R with code H. This is reported in the year it happened and is non-taxable.
- A rollover from a pre-tax 401k at a previous employer to a traditional IRA (you said Fidelity) with a 1099-R with code G. This is reported in the year it happened and is non-taxable.
- You transferred or rolled over the pre-tax IRA at Fidelity into the workplace plan of your current employer.
- You made a $6000 non-deductible contribution to a traditional IRA in February 2023 but designated it for the 2022 tax year.
- You converted the $6000 IRA to a Roth IRA in February 2023 (a "back door Roth conversion".)
Did I get that right?
If so, then where you might have a problem, is with the dates of steps 3, 4 and 5. Can you please confirm the dates of those steps? Also, if you made a non-deductible contribution to a traditional IRA that was designated for 2022, your 2022 tax return should include a form 8606. Can you confirm that form is included in your tax return?
