Thank you DanaB27. I want to make sure I understand.
I don't need to file 8606 for 2021 non-deductible contributions if I take the entire $7000 out through my IRA custodian, because it is a wash?
Would I need a 1099-R for 2021 (I was told it is too late to receive one for 2021)? If so, how would I get one?
Would I receive a 1099-R in 2022?
Would the non-deductible contributions and not-taxable distributions be reflected in 1099-R? What should I be looking for?
