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Get Your Taxes Done
I went ahead and contributed to my non-prototype after-tax account for the year 2022 even before the year ended in December 2021. I also went ahead and rolled-over the entire amount to to Roth also in December 2021. I know now that you cannot contribute to subsequent years and that I need to remove the excess. I have initiate the process for the removal from my custodian as it is a failed conversion.
My questions:
1. How many 1099-Rs should I expect and how will they be coded?
2. Do I need to file an amended tax return (1040x) this year to report the excess and the removal? if so, any guidance is appreciated.
Thanks.
United States
Get Your Taxes Done
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