jamesolson9618
Returning Member

Retirement tax questions

Once I entered the entire amount (including taxes) as the conversion in the step-by-step instructions, box B6 on my Form 1099-R was filled in with the amount. Curiously though, Box B5 on that form (check this box if the entire amount was a conversion) did not get checked. I disagree that I have to pull my 2022 regular contribution back out. The conversion amount does not get added to my AGI now, so I'm still under the income limit for Roth contributions. My financial planner assures me that this is the correct way to report the conversion.