Hi,
I had the following contributions to my traditional IRA account:
5500 - contributed in apr 2019 for 2018
6000 (non deductible)- contributed in feb 2020 for 2019
6000 (non deductible) - contributed in feb 2020 for 2020
I then converted all of it into a Roth IRA in feb 2020.
I contributed 6000 in early feb 2020 but i had some confusion so i asked for a return and my Trustee returned the money.
Now in my 1099 R for 2022, i see the following in Box 1:
- 17592- which i converted- Box 2A shows taxable but box 2b says taxable amount not determined. Box 2b also says total distribution.
- 6000- Box 2A shows blank but box 2b says taxable amount not determined
- 5.09- taxable.
I entered the details in Turbo tax and it increases my tax by about 1400 dollars which i think is because of the 6000 that i asked them to return.
Should it be taxable and what can i do to get that amount reversed?
I would think that since i moved everything to Roth IRA, only 5.09 should be taxable.
Any ideas why Vanguard would show 6000 as taxable and what i can do to avoid paying tax on it or get it reversed since it was a nullified transaction?
Thanks in anticipation,
RG
