@dmertz, Huzzah, it all seems to work! The Form 8606 make sense. The nontaxable %, TT's calculation of the taxable amount (which I can see and confirm step-by-step on Form 8606), the 2023 ending IRA basis (unchanged in my case, as I did not increase it in the prior year amended returns for the "to-be-cleared eventually" nondeductible excessive contributions), the fact that my excessive contributions are, in fact, cleared by TT in the 2023 amended return, and, ultimately, that TT, accordingly , does not generate a 2023 Form 5329 (whew), everything makes sense.
Would you kindly take a look at my manual 1099-R box & code entries? Even though it all seems to work calc-wise, and I found the Form 1099-R Instructions to be instructive, I want to feel confident that this is, in your experience, an appropriate way to fill in the form in my situation. (Any corrections or suggestions are appreciated, as I haven't filed yet.)
Assume the official 2023 1099-R reports a $19,000 normal traditional IRA distribution. I split it into two 1099-Rs, manually entered in TT:
1) 1099-R Part 1 of 2 (for the $9k of prior year excessive contributions that carried over into 2023, and were cleared in and for 2023 as $9k of the 2023 normal distribution); and
2) 1099-R Part 2 of 2 (for a normal distribution of the $10k balance). Amounts are round examples:
| | | | | 1099-R Part 2 of 2 |
| | | | | 10,000 |
| | | | | 10,000 |
| Ln 2b Taxable amount not det'd | | CHECKED | | CHECKED |
| | | | | 5,000 |
| | Ln 7 Box 1 | | CODE 7 | | CODE 7 |
| | Ln 7 Box 2 | | | | |
| | | CHECKED | | CHECKED |
Thank you for all your help!
