Oh -OK. Then did you claim the 2018 $6,500 non deductible contribution on 2018 yiur 2018 tax return on a 8606 for so that is is on line 1 and 14 of the 2018 8606 form to apply to the 2019 distribution?
You enter the 2019 contribution in the IRA contribution sections which should put that on the 2019 8606 line 1 and then enter the prior year 2018 8606 line 14 value in the interview (as below) that should go on line 2 so the total of the 2018 and 2019 c contributors are on line 3.
If you did not claim it in 2018 and have a 2018 8606 then you need to amend 2018 (or file a stand-alone 2018 8606 form).
Enter a 1099-R here:
Federal Taxes,
Wages & Income
(I'll choose what I work on - if that screen comes up)
Retirement Plans & Social Security,
IRA, 401(k), Pension Plan Withdrawals (1099-R).
OR Use the "Tools" menu (if online version left side) and then "Search Topics" for "1099-R" which will take you to the same place.
Be sure to choose which spouse the 1099-R is for if this is a joint tax return.
Be sure to pick the correct 1099-R type: Standard 1099-R, CSA-1099-R, CSF-1099-R, RRB-1099-R.
[NOTE: When you get to the "Your 1099-R Entries" screen where you can add another 1099-R, use "continue" to keep going as there are additional interview questions after that screen in most cases. You can always return as shown above.]
You will be asked of you had and tracked non-deductible contributions - say yes. The enter the amount from the last filed 8606 form line 14 if it did not transfer. Then enter the total value of any Traditional, SEP and SIMPLE IRA accounts that existed on December 31, 2019.
That will produce a new 8606 form with the taxable amount calculated on lines 6-15 and the remaining carry-forward basis on line 14.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
