- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Traditional IRA contribution 2022, conversion in 2023 question
I contribution $6,000 to a traditional IRA in 2022, but only converted $5,500 to a Roth (via "backdoor Roth" contributions) of it accidentally. The remaining $500 was converted to a Roth on Jan 3 2023.
I then contributed the maximum amount ($6500) to a traditional and converted to Roth via backdoor in 2023.
My 1099-R is showing a $7,000 distribution and my 5498 is showing a $7,000 conversion amount.
How do I properly file/apply $500 of that to 2022, and the rest to 2023, especially since the contribution was in 2022, but the conversion wasn't until 2023?
‎April 15, 2024
7:51 AM