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Get your taxes done using TurboTax
Did you report the 2018 non-deductible contribution on a 2018 8606 form line 1 as part of your 2018 tax return as required?
Did you enter the 2019 non-deductible contribution?
If both were entered properly in the IRA contribution interview properly for both years and you answered the 1099-R interview question that you had a non-deductible basis and entered the 2018 8606 line 14 amount then you should have a new 8606 form with the 2019 $6,000 on line 1 and the 8018 $6,000 on line 2 with the total on line 3.
If not, review your entries.
**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.**
‎July 12, 2020
1:10 PM