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Retirement tax questions
I did a back door roth in Feb 2022 ($6,000 for 2021 taxes, so i added $6,000 in an IRA and moved it to a Roth IRA the next day) and did a back door roth in Dec 2022 ($6,000 for 2022 taxes, so i added $6,000 in an IRA and moved it to a Roth IRA the next day), so I have a 1099-R for 2022 that shows $12,000 contribution. I can't get anything to work out right without charge me taxes but not even sure if i only need to do something for half of the 1099-R, so $6,000 instead of the full $12,000. I'm trying to understand what 8606 should have looked like in 2021, which i might have gotten wrong. And what it should look like for 2022. Thanks for any thoughts.
March 2, 2023
11:18 AM