I have a complicated situation:
- On Feb 2, 2023, I made a 6k contribution with AFTER-TAX money for year 2022 (previous year)
- On Feb 7, 2023, I made a 6.5k contribution with AFTER-TAX money for year 2023
- On Feb 9, 2023, I made a Roth conversion with the 6k contributed on Feb 2
- On Feb 14, 2023, I made a Roth conversion with the 6.5k contributed on Feb 7
I received 1 form 1099-R and it shows Box 1 12.5k, Box 2a 12.5k, Box 2b Total Taxable Amount not determined checked, Box 7 distribution code 2 with IRA/SEP/SIMPLE box checked.
After I put this form into TurboTax, it trigger taxable amount even though all the contributed money is after-tax. Later when I choose the option “I did a combination of rolling over, converting, or cashing out money.” then it shows me that it will remove this 1099-R and ask me to separate it.
Q1: How do I do this separation correctly since this is technically both a rollover (move to another IRA) and a conversion (traditional to Roth) but I only receive 1 form 1099-R
Q2: Since I made contribution and rollover and conversion for year 2022 in 2023, do I need to make any amendment to my previous year return? If so, how do I do that in TurboTax since I only receive 1 form 1099-R
Thank you very much for your help
