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Get Your Taxes Done
In 2021 I made two 6,000 contributions to my traditional IRA. One contribution was marked for 2020 and the other for 2021. I then subsequently converted that money (12,000) to a ROTH IRA and received a 1099-R in the amount of 12,000.02.
In 2020, I input the 6,000 traditional IRA contribution and did not get a deduction because of eligibility purposes.
I have filled out my 2021 return which includes:
- 6,000 contribution to traditional IRA (non deductible for eligibility, followed the backdoor roth instructions to input the conversion)
- 12,000.02 distribution (1099-R with exception (2))
I am being taxed on 6,000 of the distribution. Can someone help understand why?
Virginia, United States
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