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Get your taxes done using TurboTax
The 2022 traditional IRA contribution was required to have been reported on your 2022 tax return, on Form 8606 line 1 if nondeductible. Line 14 of your 2022 From 8606 carries forward to line 2 of your 2023 Form 8606 to be added to your 2023 nondeductible traditional IRA contribution shown on line 1. Be sure to enter your 2023 traditional IRA contribution under Deductions & Credits and do not indicate that you switched (recharacterized) your contribution to be a Roth IRA contribution. You converted to Roth, you did not recharacterize to Roth.
‎January 31, 2024
6:37 AM