djzink7
New Member

Retirement tax questions

This same situation happened for my wife.  The Roth got 6000 in 2021 (got married, and income limits needed to recharacterize to tIRA).  The only thing is the recharacterization happened in 2022 in February - there were small amt of gains $421.  I immediately converted that once it hit the tIRA backdoor to a roth.  

 

My question is regarding forms, i obviously will not get all those tax forms until 2023 (confirmed by fidelity) so how do it go about filing this.  Do i need a 8606 still and just explain what happened?  Manually add the 421 of capital gains in my income section? 

thanks for the help