I have a pretty big predicament with my tax filing.
For 2021, I decided to open a traditional IRA with Betterment for the purpose of a backdoor Roth IRA conversion. I contributed $6k of after-tax dollars into the traditional IRA and 1 business day later had it converted to a Roth IRA (I actually lost like 2 dollars lol, so no gains at all).
Now I'm trying to file taxes and Betterment has both box 1 and box 2a filled out both essentially with $6k. After filling out all this information, my federal return plummets approximately $2k.
I researched with Betterment and they will not amend box 2a, which, being the box for being "taxable income" should be $0, I would think at least.
I understand Form 8606 is more for keeping track of this amount for withdrawals when I retire, but my issue is with the filing of taxes now.
Is there something I'm missing? I feel like I'm paying tax on the $6k now with my 2021 taxes even though it already went through income tax...
