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:
a) Is line 14 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.??
b) Do i skip line 15 as it does not apply to me?
c) if line 14 is the final step , I can then mail this out today?
Thanks
P/S Apparently prior to my contribution in 2016, I did have a balance of $250 in my traditional IRA account. However, after the contribution of $3000 in the traditional IRA, the balance in my traditional IRA dropped to $2600 within days due to my poor choice of stock investment. I guess I would not have to worry about paying any negative interest as I was losing money. And at the end of the year of 2016, i lost more money and the balance in my traditional IRA was about 2,200
Please ignore my other similar message to this one
