My husband I believe did a backdoor Roth. Contributed $6000 for 2022 but in March 2023, shown on 1099-R #1. I have 1099-R #2 which is for $6500 which should be contribution for 2023.
Now I have Fidelity forms
5498 form #1
5.Fair market value of account.................................................xxxxxx
7.IRA Type.............................................................................IRA *
11.Required Minimum Distribution for 2024................................................
15a.FMV of certain specified assets.................................................$5,248.80
15b.Code(s) --------------------------------------------------A
FMV of certain specified assets as of December 31, 2023
ROLLOVER IRA = $5,248.80
5498 form #2
5.Fair market value of account...................................................xxxxx
7.IRA Type.........................................................................ROTH IRA
11.Required Minimum Distribution for 2024................................................
15a.FMV of certain specified assets.................................................$5,248.80
15b.Code(s)................................................................................ A
FMV of certain specified assets as of December 31, 2023
ROTH IRA = $5,248.80
I am confused why each form only shows certain lines. I am unclear about how much was converted from IRA to ROTH IRA? But it seems at the end of the year each had the same value. Can you help me interpret? Shouldn't it be ~12K if all was converted?
