That's great news, thank you so much for the Turbo Tax steps, worked perfectly.
As I was entering, I realized I have one last question related to the pro-rata rule.
I executed the transaction of moving my traditional IRA to my employer's traditional 401K in Dec 2022 and instructed my broker to roll ALL funds in the traditional IRA to the traditional 401K. This happened in Dec 2022 and I thought my traditional IRA balance was $0. I received a 2022 1099-R for this Dec 2022 transaction.
However in Jan 2023, $1,407 of December 2022 interest posted to my traditional IRA which I immediately rolled into my traditional 401K in Jan 2023. This will generate a 1099-R for $1,407 in 2023 tax year.
My thinking is in Turbo Tax, I can make a 2022 1099-R for the $1,407.
Two questions on this:
1) Is it correct to handle the $1,407 Dec 2022 interest payment on my 2022 taxes even though it was posted in Jan 2023?
2) Will this situation in any way force me to use pro-rata on this backdoor roth?
