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.**