Question

How do I report recharacterization and backdoor (done in 2023) for 2022 excess contribution in TT

Forum|Forum|2 years ago
March 8, 2024
1 reply
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I need to report my backdoor conversion made in March 2023. Already reported the recharacterization part in 2022 tax return. No more contribution or backdoor in 2023.

Now I got 2023 1099R forms with code 2 and R. Should I just enter these 1099Rs and this report is complete?

When I go to Deductions & Credits/Traditional IRA and Roth IRA, do I need to enter this converted amount as a contribution in 2023?

rjs

Employee

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