I made 2022 and 2023 Roth IRA contribution in 2023. Early 2024, I realized I was ineligible to make direct Roth contribution. I did the following.
2023 Contribution
I recharacterized the 2023 amount and did a backdoor Roth conversion. I then reported the 2023 contribution amount as basis in form 8606. I didn't pay any tax on the gain ( so nothing reported on 1040).
2022 Contribution
I withdrew the 2022 amount and paid penalties for both the year by filing 5329 for 2022 and 2023 in 2024. IRS the assessed additional penalty for early withdrawal which I paid as well. However, I didn't include the 2022 contribution as basis in the 2023 8606 form.
Now in 2025, I received three 1099r form. One with the $6000 for 2022 contribution with code J, one for the 2023 recharacterization ( contribution plus gain) with code R. The other 1099r is for the traditional IRA account with distribution (contribution plus gain) with distribution code 2.
My questions are :
1. Do I need to file 2022 8606 to count 2022 contribution as a basis, amend 2023 8606 form to rectify the basis so that that $6000 distribution (to be reported in 2024 8606 part III) is not considered taxable by IRS?
2. If answer is Yes, can I submit both 8606 forms together without 1040X since my taxable amounts are not changing ?
3. For the 1099r form with code 2, I should calculate the gain and report that as taxable income , is that correct ? My understanding is taxable amount = (amount in line 1 - contributions of 2022- contributions of 2023 - gains of the recharacterized amount of 2023).
4. Do I need to do anything for 1099r code R?
Any help is much appreciated
