DianeW777
Expert Alumni

Get your taxes done using TurboTax

No, you did not do the 2022 correctly. 

Yes, you would have had a basis in 2022 of $6,000 due to nondeductible contributions before you converted the Traditional IRA to a Roth.

 

Assuming the traditional IRA was empty before the contribution for 2021:

  • The 2021 Form 8606 line 14 should show the nondeductible contribution for 2021. This has to be entered on the 2022 return (2022 Form 8606 line 2).
  • The 2022 Form 8606 line 14 should show the nondeductible contribution for 2022 ($6,000). This has to be entered on the 2023 return (2023 Form 8606 line 2).
  • The 2023 Form 8606 line 14 should show be $0.

@state-taxes 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"