Hello!
I contributed $5500 to my Roth IRA in 2020. Upon filing my 2020 taxes in March of 2021, I realized I was over the income limit and recharacterized the contribution from 2020 (now $7019) into a Traditional IRA. Upon settlement, I then proceeded to do a backdoor conversion of the assets back into my Roth IRA (now $6992).
Fast forward to 2022 - I contributed $6000 into my Traditional in March of 2022 as a prior-year contribution (aka for 2021) and immediately then converted those assets into my Roth IRA.
My question is....
What on earth do I need to report in turbo tax for my 2021 filing?!? I received two 1099-Rs for 2021 - one for the Roth IRA amount of $7019 and coded as R, and then a second for the Traditional IRA amount of $6992 coded as 2. Do both need to be included in my return? And how do I then report the conversion I completed for 2021 (since both of these 1099-Rs were technically for 2020 contributions).
Any help/guidance would be appreciated!
