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Retirement tax questions
Yes, for the question "Tell Us the Value of All Your Traditional IRA Accounts" you will enter $0.
You will select "None of the above" for the question "Select any of the following years that you converted a traditional IRA to a Roth IRA." if your 2021 conversion was your only conversion.
To verify, you entered the basis from your 2020 Form 8606 during the interview when TurboTax asks about the prior year's basis ($6,000)?
What is the code in box 7 for Form 1099-R (C) for withdrawal of excess contribution and earnings? The earnings will be taxable.
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March 29, 2022
4:31 AM