Question 1: As soon as I mail in the 2016 form 8606, to the IRS, can I go ahead to do another Roth conversion for the remaining balance ($1700) in my traditional IRA account. YES
Question 2: Should I also include a copy of the 2016 form 5498 from Fidelity along with my 2016 form 8606 to prove that my original 2016 contribution to the traditional IRA was $3000 (even though the remaining balance in my tradditional IRA is now only $1700 which is a loss due to my bad choice of investment) ? NO ... only mail the 8606.
