Completing the 8606 Form

[danieljgreenstein]

I made a $6,000 non-deductible contribution to my traditional IRA between 1/1/23 and 4/18/23 for the 2022 tax year.  The IRA account to which I made the contribution already had $3,349.20 in deductible contributions (rolled over from a prior employer 401k plan).  I intend to do a Roth conversion in the future.

I completed the 8606 form for 2022 for the first time in my tax reporting history.  I indicated only the $6,000 contribution, but not the overall basis that included the $3,349.20.  Did I complete the 8606 form correctly?  If not, what should have I done?

[Critter-3]

The 8606 only reports the non deductible contributions ... there is no place to enter deductible contributions made in the past. 

[fanfare]

"$3,349.20 in deductible contributions"

is not part of your basis.

in your situation, a Roth conversion will always be taxed,

because the distribution includes only a prorated fraction of your basis, leaving the rest of the basis for next time.

@danieljgreenstein