HI Critter-3, I m filling out the 2016 form 8606.
1)I entered my ira contribution of $3000 in line 1.
2)I entered $0 in line 2,
3)Entered $3000 in line 3 (line 1 minus line 2)
4) Instruction said to move number from line 3 to line 14 if there was no distribution or roth conversion in 2016.
5) I entered $3000 in line 14.
Part 1 is completed.
Question:
Is line 13 the FINAL step for me for filling out this 2016 form 8606 as I did not do any distribution nor roth conversion etc to this $3000.?? if it is, I can then mail this out today? Thanks
After the contribution of $3000 in the traditional IRA, the balance went from $3000 to $2600 within days due to my poor choice of stock investment.
Thanks
