In 2021 I opened up a back door Roth IRA conversion for 2020 and funded it but didn’t invest in anything. When I found out about the prorata rule problem because I already have an existing Ira from years ago, I closed it within about a week and took a full distribution (I’m over 59 1/2).
Questions:
-Do I still need to fill out and file the 8606 to declare the contribution as no deductible and let IRS know I had an IRA momentarily and had a distribution of the original principal amount?
-Am I stuck with proration because of my other IRA even though I immediately closed it?
-Am I “exempt” from having to file an 8606 because IRS publication 590-A, 590-B indicates that there can be exceptions for a return of contribution.
