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2021 IRA Value must include 2020 distributions?
My spouse has a backdoor Roth. When I get to the Turbo Tax deductions/credits page that asks for the Value of the traditional IRAs on December 31, 2021, I would like to put $0, because that was the balance on that date. But Turbo Tax says to include any distributions made in 2020...and his 1099R from 2020 does show distribution of $12K (along with the distribution code 2 to signify it was a Roth conversion). Does the 1099R for our Roth Conversion count or not towards the 2020 distributions Turbo Tax is asking about here?
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‎April 7, 2022
2:45 PM