DanaB27
Expert Alumni

Retirement tax questions

Yes, only the $17 interest will be taxable and show as a taxable amount on line 4b of Form 1040. 

 

Please follow my steps above to enter your $6,000 nondeductible traditional IRA contribution for 2022 and to enter the conversion of $6,017 (reported on your 2022 Form 1099-R).

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