tetertax
Level 2
03-10-2024
10:53 AM
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I have a taxpayer that made a max Roth contribution for 2022 but was unable to make the contribution because of income limitations. The taxpayer also made a max contribution for 2023 before she filed her 2023 taxes. Her broker made a back-door recharacterization but not until March of 2023 for both 2022 and 2023. I have three 1099-R's. One is for the 2022 recharacterization, one is for the 2023 recharacterization and one is with a distribution code of 2 for the total of both (less a small loss on the funds). I am fairly certain that I need to amend her 2022 return and attach a 8606. However, I don't know how to handle any of this as all three 1099-Rs are dated January of 2023.
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