Thank you @MinhT1 , I will file Form8606 for 2020.
Just out of curiosity, what happens if I don’t file Form 8606 for 2020?
Without filing Form 8606 for 2020, my IRA basis will remain $6,000. I won’t lose anything although the IRA basis is incorrect, right? Unless the IRS imposes a penalty on me after I retire.
