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Retirement tax questions
I guess I'm still not understanding this...
This the first 1099 that is the recharacterization...
Box 1 2,309.28
Box 2a 0.00
Bux 2b blank
Box 7 N
IRA/SEP Blank
Here is the 2nd 1099 (the correct backdoor Roth)
Box 1 6,298.87
Box 2a 6,298.87
Bux 2b X
Box 7 2
IRA/SEP X
I'm only showing 1099 #2 on the return and I added Box 1 of the first 1099 to Box 1 of the 2nd... 8,608.15
everything else on the 2nd is the same.
I entered my non-deductible contributions of 8,000 and I entered
a conversion amount of 8,608.15. My 1040 4a and 4b look as I think the should. I think my 8608 looks
ok, although my line 8 is blank, but line 16 seems correct.
Although things look ok (to me), I don't think I'm following what you said. What am I doing wrong??
Thanks again...