Yes, "Therefore, you will need to enter $0 for the amount you elect to make nondeductible."
Yes, line 14 will be $0 in your case since all of your contribution is already automatically nondeductible because you are covered by a retirement plan at work.
Yes, since you did not deduct any traditional IRA contributions you will have the $6,500 basis on line 1of Form 8606.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
