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Retirement tax questions
@JohnB5677 I have a quick followup question. My Taxable IRA/Keogh Distributions for 2020 was added up as $16,231. I believe the sum is from my withdrawal in 2020 of a 2018 excess Roth IRA contribution of $5,500; Code J in my 1099-R, and my conversion of my Traditional IRA contributions to a Roth IRA, which totaled $10,731; Code 2 in my 1099-R.
My traditional IRA contributions are taxable because of my income. Between 2018-2020, I contributed 17,400 in Roth and nondeductible Traditional IRA contributions. When it asks for 'Other contributions previously taxed by MA', should I enter in $17,400 or just the $16,231?
March 17, 2021
5:24 PM