I have a IRA contribution in 2022 that I recharacterized part of in 2023. I will not get a 2023 1099-R until January 2024. Turbotax has examples where it says to predict the numbers and enter a 2023 1099-R even though one has not been received.
There are two problems with this. First, I don't see a way to put in a 2023 1099-R, only 2022. Second, the IRS form 8606 instructions has an example where it says the explanation statement regarding the conversion you attach is all that is needed:
"You don’t report the $3,300 distribution from your traditional IRA on your 2022 Form 1040 because the distribution occurred in 2023. You don’t report the distribution on your 2023 Form 1040 because the recharacterization related to 2022 and was explained in an attachment to your 2022 return."
I believe that Turbotax is wrong here based on the Form 8606 instructions. Can anyone confirm this?
