Retirement tax questions

For the Roth IRA contribution in 2023 made for 2022, you need to follow the instructions in the first example, report a Roth IRA contribution and then indicate that you recharacterized it to a traditional, non-deductible IRA contribution.

You can wait to report the transfer of funds from the Roth IRA to your traditional IRA until you receive the 1099-R form in 2024, but you would need to amend your 2022 return if you did so. You can report it now in 2022 by entering a substitute form 1099-R in 2022 to report the distribution from the Roth IRA to the traditional IRA and to report the income earned. You can follow these instructions to do that:

1. Choose the Federal option on your left menu bar
2. Choose Wages & Income
3. Choose the Retirement Plans and Social Security menu option 
4. Choose IRA, 401(k), Pension Plan Withdrawals(1099-R)
5. Choose the enter 1099-R option
6. Choose Change how I enter my form
7. Choose Type it in myself
8. Choose Financial institution or other provider (1099-R)
9. Enter in as much information as you can regarding the pension income 
10. Work through that section until you see Do any of these situations apply to you?
11. Choose I need to file a substitute 1099-R
12. Complete the information requested

Enter the distribution in box 1 and earnings in box 2(a) and use code "8" in box 7.

To do the Roth IRA conversion, you will have to wait until 2023, as that had to be done by the end of 2022. You will make these choices when you enter the Form 1099-R reporting the funds transferred to the Roth IRA:

@kyx 

{Edited 4/7/23 at 7:25 AM PST}