- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
The 2018 contribution was filed as a Roth IRA contribution therefore it was not deducted (but technically for the wrong reasons). For 2019, I received a 1099-R indicating the conversion took place so I am needing the TY2018 8606 basis to justify not having to be taxed on the 1099-R conversion. It seems like what you have mentioned here should be my course of action:
File a TY2018 Form 8606 indicating my basis in the Traditional IRA.
Thank you for your help.
March 21, 2020
7:33 PM