Yes I did receive two 1099-Rs.
#1. For Roth conversion with some Taxable $$$ on 2a and 7.Distribution Code "2".
#2. For Excess contribution/Backdoor Roth with 7. Distribution Code "1,8".
I uploaded both 1099-Rs and my taxable income increased with $$$ of #1. 1099-R which is expected.
It has two explanations for 8606-T, I've answered as added as below(Dates are not accurate as I contributed multiple times, so took only 1st date)
Explanation Stmt#1
Form/Line: Form 1040/1040-SR Worksheet 4a (1040/1040-SR)
Explanation of : Return of an IRA Contribution Before the Due Date of the Tax Return
Return of contribution
Explanation Stmt#2
Form/Line: Form 1040/1040-SR 4a (1040/1040-SR)
Explanation of : Recharacterization Explanation
Date of the Original Contribution: 02/01/2021
Date of the Recharacterization: 04/16/2021
The Amount Recharacterized: $6000.
The Amount Transferred (Recharacterization plus earnings or losses): $6000
Reason for the Recharacterization: Contributed as Non-deductible IRA and then moved to Roth IRA
Can you please advise if this looks good? Many thanks!
@DanaB27 @AnnetteB6
