- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
No, this is not an error - this form does need to be reported on your return. The lead-in instructions that you are seeing only apply to part I of Form 8606. If you made a Roth conversion, the taxable part of that conversion gets calculated in part II of Form 8606. If there weren't any non-deductible contributions in the traditional IRA from which you made the conversion, then the amount will be fully taxable and reported on line 18 in Part II of Form 8606. That amount will then flow your Form 1040 line 4b to be taxed on your current year return.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Wednesday