RaifH
Expert Alumni

Deductions & credits

Since you made the contribution to a traditional IRA and then conducted the conversion to a Roth in 2022, you will not be getting a 1099-R for this transaction until next year. The steps remain the same, but you will not have to worry about step 2 until next year. If the only balance in your traditional IRAs is from these contributions, the conversion will not be taxable. 

 

For tax year 2021, you only have to report the contribution to your traditional IRA. 

 

@silentmaster