Hi all,
I have not yet filed my return for tax year 2021. Trying to figure out how to manually create a 1099-R for 2021 since I won't receive it until next year. I made full contributions to my Roth last year (7,000 and most of it in early December), however in late December decided to convert funds in my traditional 401k to a Roth 401k. This put my earnings over the limit for the Roth which I found out a week ago. My broker refunded the contributions and earnings ($30.01). Besides the dismal return, I am trying to figure out how to claim this in my return. I am 60 so am eligible to take distributions.
Other posts show how to do it for previous years, but it seems odd to me and the codes might not be correct for 2021.
In box 1 I added the gross distribution of $7,030.01
In box 2a I added the taxable amount of $30.01
I am trying to determine which codes to use in Box 7. It looks to me like I should use code "8 - Return of contribution taxable in 2021".
Does this look right right? Anything else for the second entry?
Thanks!
