Hello All,
In 2020-2021 I contributed $6000 to my Roth IRA brokerage account
- $4000 total in 2020
- $2000 in Apr 27 of 2021
Then in 2021, I realized my income is too high for the $6K Roth IRA contribution, so notified my brokerage in May 2021 so that they can perform a backdoor for me. They moved $8602(not sure why it is not $6000 instead) to a brand new Traditional IRA account that is setup for the backdoor purpose.
In Nov 2021, I have the brokerage move the amount of $9518 (after gains) from my Traditional IRA back to my original Roth IRA account.
I received two form 1099-R, with two different amount for gross distribution.
First 1099R:
- Line 1 with $8602
- All other lines are empty except 7, and the code is 'R'
Second 1099R:
- Line 1 with $9518
- Line 2A: $9518
- Line 2B: Both taxable amt not determine and total distribution as 'X'
- Line 7: Code is 2 and IRA/SEP/SIMPLE has a 'X'
My question is how can I correctly input these two forms into Turbo tax?
Thank you very much
