@ahbn41 wrote:
Macuser wrote..."Any carry forward non-deductible contributions on line 2,.."
I do not understand this part, about "any carry forward..."
My balance in the traditional IRA in 2015 was about $250 which came from years ago (probably a contribution in 1990s that I do not remember.) The $250 was sitting there and forgotten all this time . Do i put the $250 on line 2?
Line 2 is not the IRA balance but any prior years non-deductible contributions reported of other years on a 8606 form for that year. The line 2 amount comes from line 14 from the last 8606 form that was filed.
**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.**
