Hi!
First year doing a back door Roth IRA conversion due to income limits. I converted $6000 for both 2020 and 2021 earlier this year. I’m very confused on how to report this.
From my research, I would not receive a 1099-r because the conversion did not occur in 2020. I would, however, need to report that I contributed $6000 to a traditional IRA. I went through the steps for reporting the traditional ira and was met with the end message of over the income limit and $0 in deductions, but I’m wondering if I’m missing a step.
Any help would be greatly appreciated!
thanks!
