Permalink Submitted by Alan - IRA critic on Sat, 2023-05-27 16:31
Yes. The first two are filed by the custodians, and Form 8606 is filed with your 1040 with the gross and taxable amounts for the conversion on lines 4a and 4b of Form 1040. The return must properly reflect the 1099R issued but you will probably file before the 5498 is issued in May of the following year.
Permalink Submitted by Alan - IRA critic on Sat, 2023-05-27 16:31
Yes. The first two are filed by the custodians, and Form 8606 is filed with your 1040 with the gross and taxable amounts for the conversion on lines 4a and 4b of Form 1040. The return must properly reflect the 1099R issued but you will probably file before the 5498 is issued in May of the following year.