qbteachmt
Level 15
03-13-2024
11:44 AM
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"Can you please provide me anymore guidance?"
Here are the instructions:
Enter each 1099-R and confirm the results on Form 8606 (for the 2022 recharacterization, for the 2023 recharacterization, as these will establish basis, and confirm you entered the 2023 conversion data properly, there should be no tax on the conversion). Just take it one step at a time.
If you want to understand it further, google this:
can i file form 8606 for a previous year
And:
https://www.investopedia.com/articles/retirement/03/092403.asp
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