Hi all! 

Client received 1099-R for $5,500 code 2 (x IRA) in 2021. Here is how he explains what happened: 

"I figured I was not going to be able to get a Roth due to my income in 2021. So for almost the entire year I took funds from my checking account, deposited them into my traditional IRA, and then did the “back door Roth” to move the funds into my Roth IRA. The only month I failed to do that was in January 2021, hence why the 1099 is 5500 vs 6000. In January 2021 I didn’t do a back door Roth, I just deposited it straight into the Roth which is why I had to recharacterize the $500 a few weeks ago". 

What should I do here? Should I fill out form 8606 as backdoor roth for $5,500 in part 1. What about part 2 of the form 8606? 

Thanks a lot!