BUND
Level 2

How do I know if I have to addend last year's return if I did a roth IRA recharacterization and traditional IRA conversion?

In 2022, I realized I made over the MAGI in 2021 so I had to recharacterize my roth IRA to traditional IRA and then did a backdoor conversion a few days later. That was done in March of 2022 for TY 2021. I recorded that in my TurboTax that I recharacterized $3460 before the Tax deadline in April last year and also filed the 8606 last year as well.

 

This year, when I put in the numbers in TurboTax and the 1099, it is saying that I may have to addend my return. How do I find out whether I have to addend it or not?

 

Any help would be greatly appreciated!