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Having issues with Form 8606 - It is taking a portion of the roth conversion as taxable
Hi,
I have been struggling to make form 8606 in Turbotax file properly.
Here is the situation.
1. I made a non-deductible contributions for 2018 and 2019 in Mar-2019 for $6500 and $7000 respectively.
2. Then I rolled over these contributions to Roth IRA.
3. When I am filling the information in Form 8606, it is treating only a portion of the contributions as non-taxable conversion and other portion to be taxable conversion (where it should treat the entire conversion as non-taxable).
Anyone, else running into this issue?
Thanks
March 21, 2020
8:28 PM