qbteachmt
Level 15
02-22-2021
05:01 PM
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"So I have 2 x 1099 distribution forms from broker B for 2020, one for $6k"
The original topic is here: https://proconnect.intuit.com/community/tax-talk/discussion/excess-back-door-roth-contribution/00/12...
So, it turned out the May and Dec were both for 2020? And the Dec broker issued the Corrected 1099-R? And as I recall (instead of updating that topic where you have the background), you should have one of these (the $0) marked as Corrected.
"Do I need to enter both into his 2020 taxes as the corrected 1099 is zero?"
Nope. Nothing happened = $0. That corrected one is the failed conversion. You have one conversion to report, and perhaps some taxable earnings on the excess.
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