For the 2020 tax season, I did my first backdoor roth IRA. I contributed a total of $18,000 to my SEP IRA, and did a ROTH IRA conversion on $6,000 via vanguard. I have my SEP and ROTH with them. I did this conversion in January of 2021. I am now looking at my return transcript and I see:
"KEOGH/SEP CONTRIBUTION DEDUCTION: $12,000 "
This makes sense as it matches the total for the SEP contributions minus the $6,000.
But when I search for the $6,000 it's no where to be found. I am wondering if this is part of another item on this return transcript that's added up all together? Or should it be a line item on this transcript?
I vaguely remember having this conversation with my accountant (who is no longer around). Stating that I will need to pay taxes on it the 2021 season. We went back and forth on this for a while and I don't remember what we finally decided on.
I am ultimately trying to figure out somehow if I already paid the taxes or if I need to make sure and do that this year.
