@LLC3 wrote:
$6500 x 2 was two years contribution. I contributed $6500 for 2021 before 4/15/2022 and another $6500 for 2022. I was totally unware of the IRA rules last year. So at this point, how much taxes will be incurred by those two contributions? How to calculate them? Thank you so much!
1. Was your contribution for calendar year 2021 intended to be tax deductible or non-deductible. If non-deductible, did you file form 8606 with your 2021 tax return, and do you have a copy of your 2021 form 8606?
2. What date did you rollover your prior IRA balance into the 403B account at your new employer?
3. What date did you make your 2022 contribution to the IRA, and is it your intention that the contribution be deductible or non-deductible?
4. What date did you rollover the traditional IRA to a Roth IRA?
5. What is your combined balance in all traditional IRA accounts as of 12/31/22?
