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Retirement tax questions
Hi, I did my 2020 and 2021 nondeductible traditional IRA contribution and converted to Roth IRA immediately in 2021. So, for my 2021 1099-R, there are $14000 (7000 for each year). Don't know how to report this amount without getting penalty and taxed again.
I wonder if you have found out the way to do it right? If so, would you be able to share with me?
Many thanks, Paul
‎April 7, 2022
6:32 PM