Hi,
Thanks for the response- to clarify, I received 2 1099-R forms this year. One for the traditional and one for the Roth. The traditional account has the following box information:
1. Gross distribution $12,672.44
2a. Taxable amount $12,672.44
2b. Taxable amount not determined (X)
Total distribution (X)
7. Distribution code(s) 2
IRA/SEP/SIMPLE (X)
16. State distribution $12,672.44
The second 1099-R, for the Roth IRA looks like this:
1. Gross distribution $6,705.75
2a. Taxable amount $0.00
2b. Taxable amount not determined ( )
Total distribution ( )
7. Distribution code(s) R
IRA/SEP/SIMPLE ( )
16. State distribution $6,705.75
My 2021 8606 form has line 14 as 6000, as I reported the roth to traditional IRA recharacterization I performed earlier this calendar year for tax year 2021. Is this not correct?
