@Bog2021 wrote:
Thank you for your quick response.
I didn't receive a 1099R form since I made the contribution in 2021 for year 2020 and the conversion took place shortly after the initial contribution. Should I expect to receive an 1099R form next year for this action?
Yes, 1099-R next year but the 2020 contribution must be entered on your 2020 tax return to generate the 2020 8606 that you must have next year to enter the box 14 basis.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
