I contribution $6,000 to a traditional IRA in 2022, but only converted $5,500 to a Roth (via "backdoor Roth" contributions) of it accidentally. The remaining $500 was converted to a Roth on Jan 3 2023.
I then contributed the maximum amount ($6500) to a traditional and converted to Roth via backdoor in 2023.
My 1099-R is showing a $7,000 distribution and my 5498 is showing a $7,000 conversion amount.
How do I properly file/apply $500 of that to 2022, and the rest to 2023, especially since the contribution was in 2022, but the conversion wasn't until 2023?
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You will need to make sure that your basis from line 14 of your 2022 Form 8606 is carried over in the 2023 return (steps 9 and 10 during the IRA contribution interview or steps 11 and 12 in the retirement interview).
To enter the nondeductible contribution to the traditional IRA:
To enter the 1099-R conversion:
If you are using TurboTax Online review these instructions: How do I enter a backdoor Roth IRA conversion?
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