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Retirement tax questions
I tried reading through all the information that others have posted, but I still do not understand this section.
I am in my second year of IRA contributions and Roth Conversions:
2021 - Contributed $6,000 to Traditional IRA, Converted $5,979 to Roth IRA (-$21 in losses before conversion)
2022 - Contributed $6,000 to Traditional IRA, Converted $6,000 to Roth IRA
Other Contributions Previously taxed by Massachusetts = X
Total Distributions Received in Previous Years = Y
Could someone please explain how to get X and Y? Thank you!
‎February 17, 2023
6:22 PM