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Retirement tax questions
The amount of contribution recharacterized was $6,000, not $5,231.48. $5,231.48 was the amount transferred to accomplish the recharacterization of $6,000. You seem to have done something wrong was done with your reporting after that. If the $5,272.30 Roth conversion was done in 2022, your basis that carries forward from 2022, shown on line 14 of your 2022 Form 8606, should have been $728. If the $5,272.30 Roth conversion was instead done in 2023, all $6,000 should have been present on line 14 of your 2022 Form 8660 because there was no Roth conversion done in 2022. Either way, it seems that you need to amend your 2022 Form 8606.
March 31, 2024
9:15 AM