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Get your taxes done using TurboTax
Assuming this is the first time, your basis goes on Form 8606 Lines 1,3, 14.
If you decide to file it, do not pay any $50. fee.
It is recommended to attach the Form 8606, only, to Form 1040-X.
Since no dollare amounts are changing on Form 1040-X leave lines 1-23 EMPTY.
In Part III explain why you are filing Form 8606.
If you filed a Joint return there is a taxpayer 8606 and a spouse 8606.
‎October 25, 2022
3:39 PM