DanaB27
Expert Alumni

Get your taxes done using TurboTax

1) Yes, you can file the 2021 Form 8606 alone.

 

Technically you can be fined $50 for failing to file the form on time, but the penalty can be waived if you have reasonable cause. Please see Relief for Reasonable Cause for additional information.

 

2) Yes, your 2022 Form 8606 looks correct.

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