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Get your taxes done using TurboTax
Yes, if you made the nondeductible contribution and the conversion always in the same year then you will always use up the basis and there won’t be a carryover to the next year (line 14 will be $0). Then your 2022 Form 8606, with the numbers mentioned, is correct.
@Anonymous
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March 3, 2023
5:01 AM