Hi Dana - I have the situation with a 2022 Form 1099R with Code "R" in Box 7 for a 2021 ROTH contribution that was recharacterized in early 2022 and notated on 2021 tax return with the explanation of contributions & earnings as you describe. It was then subsequently backdoor converted back into a ROTH in 2022.
Just want to confirm that since I accounted for it on my 2021 taxes, I DO NOT need to enter anything into my 2022 tax return using Turbo Tax for the 1099R marked with "R" in Box 7? Am I understanding your post correctly?
I also have Form 1099R's for 2022 that are the total of our 2021 conversion (earnings taxable as described above) AND our 2022 conversion (no taxable earnings) with a "2" in Box 7 which is adding to my confusion/questions. Thanks for your input in advance!
