I am doing a 60 day rollover into my IRA, which was opened about 20 years ago. I am 63. The distribution was done in November, 2022 from an old 401(k), and made out to me, less 20% taxes withheld. The proceeds will be deposited in January, 2023 within 60 days PLUS the taxes that were withheld. The 2022 end of year balance in my IRA will not include the IRA deposit. Since the 2022 form 8606 will not include the fully deposited after tax funds in my IRA, to be made in January, 2023, how will the non taxable portion of my deposit get recorded in the 8606?
