pjz77
Returning Member

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