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Retirement tax questions
What you did was make a traditional IRA contribution of $995 for 2019, reportable as such on your 2019 tax return. Apparently the value of your investments dropped, since you then did a Roth conversion reportable on your 2020 tax return of $923.60.
If nondeductible, the traditional IRA contribution was required to have been reported on line 1 of your 2019 Form 8606, line 14 of which carries forward to line 2 of your 2020 Form 8606. If the traditional contribution was deductible, it was required to be on 2019 Schedule 1 line 19.
Code 2 is correct on the 2020 Form 1099-R.
The $945 contribution for 2019 was a separate Roth IRA contribution for 2019.
‎April 6, 2021
4:52 PM