rbynaker
Level 14
10-02-2023
01:54 PM
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On the 2021 return you would have filed Form 8606 reporting the $6,000 TY2021 Non-deductible IRA contribution, establishing a contribution basis of $6,000.
On the 2022 return you report another $6,000 TY2022 Non-deductible IRA on Form 8606, bringing your total contribution basis to $12,000.
On the 2022 return you'll indicate the FMV of IRAs on 12/31/22 of $0. That should allocate all of the basis to the $12,000 conversion amount on the 1099-R.
If your question is more along the lines of "how do I enter this in the software", that might be a question for @George4Tacks