@DanaB27 For my future reference, what would be the 2022 Taxable and Non Taxable Conversions amount when I track my basis for 2023 Tax Filing next year? Is it $0 for Taxable and $6000 for Non Taxable?
Scenario:
Roth IRA Contribution: $6000
Amount when Recharacterized to Traditional IRA: $5000 (with -$1000 as the loss)
Amount when Converted to Roth IRA (backdoor IRA): $5200
If hypothetically, I contributed directly to Traditional IRA, and the amount gained prior conversion. When tracking the basis, is it $500 for Taxable and $6000 for Non Taxable?
Hypothetic scenario:
Traditional IRA Contribution: $6000
Amount when Converted to Roth IRA (backdoor IRA): $6500
