DanaB27
Expert Alumni

Retirement tax questions

Yes, that is correct you enter the $12,000 Form 1099-R. Contribution for 2022 is $6,000 and the basis is $6,000 (from 2021 Form 8606 line 14) and the value is $0 (if you didn’t have any other traditional/SEP/SIMPLE IRAs).

 

 

@superduper

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