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So I’m truly confused now, this $2k that we recharacterized in 2021 for year 2020. From my understanding we made this a nondeductible contribution when we recharacterized, and we converted it to Roth in 2021. Does this conversion in 2021 make our end of year basis for 2020 $0 or $2k since the conversion was done in 2021, for year 2020?
I think from our 1099-R for 2021 this conversion amount that was recharacterized as mentioned above was included in Roth conversion for year 2021. Thank you!
February 28, 2022
7:33 AM