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Get your taxes done using TurboTax
@DanaB27 thank you for your quick reply!
Correct — the aforementioned 3/3/22 deposit was a 2021 contribution.
To clarify, form 8606 will be created *now*, not during the 2022 tax cycle?
To clarify, I should be looking for $6,000 on line 14a or 14b?
Finally, I plan to make another $6000 contribution and perform another backdoor conversion in late winter 2022 for the 2022 tax year. Do you have any advice or guidelines on how to go about doing this properly with regards to correct documentation on 2022 taxes filed in 2023? What will the numbers look like for two contributions and two conversions performed in the year 2022 for two separate tax years (2021 and 2022)?
March 22, 2022
10:27 AM