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contribute to traditional ira in 2020, converted to roth ira in 2021. how to report on 2021 tax?
My husband contributed $6000 to traditional IRA in 2020, it was not converted to roth IRA until Jan 2021. We also contributed additional $6000 in Dec 2021 and converted it to roth IRA in Dec 2021. My 1099-R now says we distributed 12,000 in 2021 which is correct. If I simply say that all of the money was converted to roth IRA in the 1099-R section, is that good enough reporting for both backdoor Roths?
My 1040 4a IRA distributions says 12,000 and 4b says Taxable amount says $6000. Makes me think I didn't do it correctly.
Please help!
‎April 5, 2022
12:32 PM