Ok, I think I'm getting closer to understanding, but still confused on a few things.
2021 - no contributions between 1/1/21 -> 12/31/21. However, I did a prior year contribution for 2021 in early 2022. My 2021 tax forms never had a 1099 R, therefore I never even reported this. I only had a form 5498. Should this still be reported? If so, do I need to amend my 2021 tax return, by sending over an updated 8606?
Also, updating this form 8606 wouldn't increase any taxes I owe, correct?
2022 - Contributed for prior year, and converted to Roth (hence the 1099 R). I clearly didn't report this correctly, therefore I need to update my 8606 and mail it to the IRS, correct? This also should not increase any taxes for my 2022 year, correct?
2023 - I contributed for prior year (6k) + current year (6.5k) and converted all 12.5k. Using the total basis from my 2022 8606 (6k), my taxes this year should now be correct and I wouldn't owe any taxes on the 12.5k, correct?
Would love to hear your clarification on how I should go forward to fix 2021 + 2022, thank you.
