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Retirement tax questions
Hi Fanfare
thanks for all answers.
I see nonzero value in 1099-R (traditional, distribution code 2 - conversion). My case it says $5,298.47.
I did recharacterize it in 2022 before tax due date for 2021 contribution.
I try to change form 8606 to make sense (e.g., taxable amount to zero because I first contributed to roth ira in 2021 and then recharaterized it later. Thus I paid the pay when I contributed to Roth ira. ) but it won’t allow me to do it.
Spent all day long today to figure this out.
Thanks.
April 9, 2023
6:39 PM