@dmertz
Thank you. It worked out.
I have one more scenario on my spouse's account side. Same backdoor but a little more complicated since it includes 2018 tax year as well.
Here is the timeline of events:
- April 2019, before tax deadline: contributed $5500 to Roth IRA for tax year 2018
- April 2019, after tax deadline: contributed $6000 to Roth IRA for tax year 2019
- Jan 2020: contributed $6000 to Roth IRA for tax year 2020
- Feb 2020: just found out about income limits and recharacterized $5633 and $6078, the two amounts from 2019 tax year and 2020 tax year (net of capital gain/loss). Couldn't do anything about 2018 contribution (took the $5500 back to my bank, amended the previous return, paid tax on gain/loss )
- March 2020: Converted $10709 (the amount above minus loss) back to roth.
The forms I received:
- 1099-R from Traditional: $10709, code 2
- 1099- R from Roth: $5500, code J
- 1099- R from Roth: $5633, code N
- 1099- R from Roth: $6078, code R
What I filed last year:
- 8606 - with $6000 non deductible amounts.
- 5329 - line 18: $4890, line 25: $293
Amended return from 2018:
How should I enter all this on my 2020 return? Thank you.
