Forum Issues and Administration • Which 1099R distribution code will appear on Line 7 when both ROTH Conversion and Backdoor ROTH done in the same year

Thank you!
Do you know what 1099R distribution code will be for Line 7?
Perhaps "1.Early distribution, no known exception (in most cases, under age 59½)."
Or "N.Recharacterized IRA contribution made for 2023."?

How would I enter the taxable portion (Roth conversion) and the non-taxable portion (backdoor Roth) into the tax software?

I'm 1200 miles from home and my tax records/forms, so I can't look at my 1099 forms. Tax programs should have no issues. The wiki talks about or points to how to fill out several different tax programs. What you are doing is not uncommon. I suggest you manually work up F8606 first so you see how it works, then you'll better understand the tax program questionnaire/steps.

Statistics: Posted by RetiredAL — Sat Dec 23, 2023 12:25 am — Replies 3 — Views 160

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