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Retirement tax questions
@soljarag wrote:
Ok, Thanks!
So If I do another conversion in 2022 (for my 2022 non-deductible contribution) will that be an issue (can I convert $12,000 in 1 year?)
Your 2022 1099-R should be the total of both.
In addition to my prior post, the 2022 non-deductible contribution must also be entered in the IRA contribution interview to put the 2020 $6,000 amount on the 2022 8606 line 1, the line 2 amount is from line 14 of the 2021 8606 so the total of $12,000 should be on line 3.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎April 10, 2022
12:37 PM
1,428 Views